Kao Signs Memorandum of Understanding for Collaboration with Thailand's C.P. Group
2024年9月30日 - 1:30PM
ビジネスワイヤ(英語)
The launch of new initiatives for a
sustainable future
On September 30, 2024, Kao Corporation (TOKYO:4452) (President
and CEO: Yoshihiro Hasebe) signed a Memorandum of Understanding
with Charoen Pokphand (C.P.) Group, Thailand's leading
conglomerate, in order to collaborate on promoting a sustainable
future in Thailand. Kao will work with C.P. Group, which operates
7-Eleven convenience stores and supermarkets, to provide
environmentally friendly products in the daily goods sector and
foster sustainable cooperation in the chemical business. As Kao
celebrates its 60th anniversary in Thailand, the company will
promote efforts to enrich the lives of Thai people through a global
perspective and partnerships.
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1. Background
Kao's mid-term plan "K27" emphasizes building Global Sharp Top
businesses and building businesses through co-creation with
partners. Kao Thailand will serve as a model in promoting
activities that contribute to the expansion of the Kao Group's
global business and the development of new business models.
Kao's operations in Thailand began in 1964, and launched
Thailand's first powdered shampoo, "Feather Shampoo," in 1967. In
1972, the company started its chemical business. Currently, Kao
provides 11 brands of everyday commodities, including Attack,
Bioré, and Merries. In recent years, to address the growing threat
of dengue fever in Southeast Asia, Kao developed a mosquito
repellent without synthetic chemical ingredients using its unique
technology and launched it first in Thailand. The company is also
collaborating with the industry, government, and academia to reduce
dengue fever cases, showcasing its ESG initiatives aimed at solving
social issues.
C.P. has been operating in Thailand since its predecessor was
established in 1921, under the philosophy of "benefiting the
country, the people, and the company." Delivering high-quality
products, the company has expanded its operations across a wide
range of fields in Thailand, including retail sectors represented
by stores such as 7-Eleven, as well as in the distribution,
industrial, and agricultural sectors. In the distribution field,
C.P. has supported the lives of Thai people by delivering various
products while considering the social, economic, and environmental
impacts, with a focus on sustainability.
2. Details of the Collaboration
Under the shared aspiration of contributing to the future of
Thai children, Kao and C.P. Group will begin collaborating in the
ESG field. By starting concrete cooperation and leveraging
synergistic effects, the companies aim to deepen their partnership
and achieve a sustainable future.
- Co-develop a new house brand featuring innovative, sustainable
consumer products for sale under C.P. Group’s brands, utilizing Kao
Group's innovations to achieve sustainability goals.
- Exclusive supply of specific environmentally friendly products
from Kao Group to C.P. Group.
- Explore further collaborative opportunities in the chemical
business.
- Collaborate to address social issues and develop products for
industries related to C.P. Group's businesses by leveraging the
expertise of both companies.
About Kao
Kao creates high-value-added products and services that provide
care and enrichment for the life of all people and the planet.
Through its portfolio of over 20 leading brands such as Attack,
Bioré, Goldwell, Jergens, John Frieda, Kanebo, Laurier, Merries,
and Molton Brown, Kao is part of the everyday lives of people in
Asia, Oceania, North America, and Europe. Combined with its
chemical business, which contributes to a wide range of industries,
Kao generates about 1,530 billion yen in annual sales. Kao employs
about 34,300 people worldwide and has 137 years of history in
innovation. Please visit the Kao Group website for updated
information.
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Kao Corporation Public Relations corporate_pr@kao.com