Nippon Ham has signed a joint venture agreement, dated October 29, with Charoen Pokphand Foods (CPF), Thailand’s largest food company, to establish a new company in Thailand that will manufacture processed pork products. This move gives concrete form to the comprehensive business alliance the two companies concluded last year.
The new company will be established in November 2025 and, by March 2026, will acquire a domestic pork processing plant in Thailand from CPF Food and Beverage (CPFFB), a member of the CPF Group. Paid-in capital will total 1.8 billion Thai baht, with CPFFB holding 51% and Nippon Ham 49%.
By combining CPF’s sales network in the Asian region and its supply network for raw materials such as fresh pork with Nippon Ham’s technological strengths in developing, manufacturing, and assuring the quality of new processed food products, the new company will work not only to expand sales of existing products in Thailand, but also to develop and sell new products in Thailand, Japan, and other Asian countries.
Nippon Ham President Nobuhisa Ikawa commented, “The establishment of this joint venture is an important step in strengthening a long-term cooperative relationship between companies that lead their respective regions. By further accelerating our business alliance with CPF, we will leverage our mutual strengths and vigorously promote our livestock processed foods business overseas, particularly in Asia.” CPF CEO Prasit stated, “This partnership embodies the shared aspiration of both companies to elevate Asia’s food industry to world standards. We will deliver premium-quality processed foods to consumers across Asian countries.”
