Mr Suphachai says CP reduced investment in some areas since 2023, while maintaining outlays in other sectors. (Photo: Nutthawat Wichieanbut)
Thai conglomerate Charoen Pokphand (CP) Group plans to slow its investment this year, eager to harvest its outlays from recent years, says chief executive Suphachai Chearavanont.
Amid several negative global risk factors, the agriculture sector this year is expected to enter a cycle of stagnation that occurs every 5-7 years in commodity businesses, said Mr Suphachai.
However, he said the group is continuing to spend on at least three pillars: digital transformation, innovations…
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