CTB International, Charoen Pokphand Sign Memorandum of Understanding for Major Broiler Project.MILFORD, Ind.--(BUSINESS WIRE)--Nov. 11, 1997--CTB International Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTBC CTBC Computer Take Back Campaign CTBC Cape Town Bridge Club (South Africa) ), today announced the signing of a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Charoen Pokphand The Charoen Pokphand Group is the largest business conglomerate in Thailand. Its chief subsidiary is Charoen Pokphand Foods, which did 116.5 billion baht in revenue in 2005, earning a profit of 6.747 billion baht. (USA), Inc. in which CTB CTB Council Tax Benefit (UK) CTB Coopération Technique Belge (French: Belgian Technical Cooperation) CTB Commonwealth Transportation Board (Virginia Department of Transportation) will serve as the turnkey provider of a 360-house broiler broiler a young (about 8 weeks old) male or female chicken weighing 3 to 3.5 lb. project in Alabama. The project will include complete integrated packages of CHORE-TIME(R) feeding, watering, ventilation and control systems and will be built over the next 20 months. Financial terms of the agreement were not disclosed. The signing represents the second agreement between CTB International and Charoen Pokphand (USA) this year. CTB International was selected in May, 1997 to be turnkey provider for a 64-house breeder project also located in Alabama. "We are very pleased to be partnering with Charoen Pokphand (USA) on another project," said Chris Chocola, president and chief executive officer of CTB International Corp. "Charoen Pokphand is an important global customer, and we have had a strong relationship with them in Asia for many years. The Charoen Pokphand (USA) broiler and breeder projects embody our overall strategy to provide a complete package of high-quality, world-class products on a global basis." Charoen Pokphand (CP) Group is a multinational conglomerate based in Bangkok, Thailand. The company, which is involved in many diversified industries, has focused on food production with activities in the poultry, seafood, and animal feed markets. CTB International Corp., based in Milford, Indiana, is a leading manufacturer and marketer of automated feeding, watering and ventilation systems, commercial egg laying and handling systems, and feed and grain storage bins. The company serves the poultry, swine, egg and grain production industries. CONTACT: CTB International Corp. Don Steinhilber, 219/658-4191 |
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