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CP Group to invest heavily in Australian livestock, grains and aquaculture

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Thailand's CP Group has plans to invest millions of (Australian) dollars in Australia over the next three to five years. Aquaculture is definitely in the plan, with salmon farming considered a nice fit.

The agribusiness conglomerate has already opened an office in Melbourne and General manager of CP Group, Richard Lovell, said in a radio interview that the plan is to spend $100 million this year on Australian produce and recruiting staff. 

He said that over the next three to five years the investment would double annually with a long-term projected spend of Au$ 7 million.