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NEWS / EVENTS
Siam Makro enters Cash and Carry wholesale in India with the launch of LOTS Wholesale Solutions

Press Release, 18 th January 2018

 -    Announces investment of over INR 1,000 crores to create over 5,000 jobs
 -    Plans to launch initial two wholesale distribution centres in Delhi NC
 -    Aims for 15 wholesale distribution centres over next three years

New Delhi, January 18, 2018: Siam Makro PCL, a part of USD 50 billion dollar CharoenPokphand Group (CP Group), today announced the launch of its India operations in thewholesale cash and carry space. The company has adopted a 100% FDI route to establishits operations in India under the name of LOTS Wholesale Solutions.The company plans to invest over INR 1,000 crores (10 billion INR) in the first five years andopen fifteen wholesale distribution centres across northern India. The first two storesof LOTS Wholesale Solutions will be opened in Delhi NCR in 2018. The intendedinvestment by the company will generate over 5,000 direct and indirect jobs.

Speaking to the media, Mr. Tanit Chearavanont, Managing Director, LOTS WholesaleSolutions said, “2018 is a very exciting year for us at LOTS Wholesale Solutions. We areeager to commence our operations and delight our customers with excellence in service,assortment and convenience that is in our DNA. We bring with us 28 years of experience inserving various B2B customers, such as HoReCa, traders and service customers, throughdifferent cash & carry formats – large and small; we are confident that we will surely be ableto enhance the modern wholesale sector in totality.”

The company has brought on board seasoned professionals with proven capabilities in keyleadership roles. Sameer Singh, who comes with over 18 years of experience in Retail andHospitality, is Director of Operations and Business Development; Nishant Rayirath, whocomes with over 15 years of experience in Wholesale Cash & Carry operations, is Directorof Commercial; Jatin Mazalcar, who comes with 16 years of strong background experiencein Finance across various industries, is Director of Finance; and Manish Gehlot, who comeswith 20 years of industry experience, is Director of Information Technology.

Speaking on the occasion, Ms. Siriporn Dechsingha, Chief Marketing Officer, Siam MakroPCL said, “India is an important market for us. Taking forward CP Group philosophy in India,we are committed to country, community and finally to the company. LOTS WholesaleSolutions will invest in people, technology and supply chain infrastructure and looks forwardto contributing to India’s economic growth.”

She further added, “Our purpose inspires us to ‘Enhance People’s Lives’ by working closelywith suppliers and farmers to produce environment-friendly products and to improve foodsafety supplies. One of the key pillars of Makro Capabilities Engine for sustainable mutualgrowth is ‘Local Love’ that empower us to source large majority of assortments locally.” LOTS Wholesale Solutions brings benefits of convenience aided by technology anddigitisation, last mile delivery at competitive pricing for its customer base of HoReCa,traders and service customers.

Speaking on the occasion, Ms. Siriporn Dechsingha, Chief Marketing Officer, Siam MakroPCL said, “India is an important market for us. Taking forward CP Group philosophy in India,we are committed to country, community and finally to the company. LOTS WholesaleSolutions will invest in people, technology and supply chain infrastructure and looks forwardto contributing to India’s economic growth.”

About Siam MakroIn India, it is launching operations as Lots Wholesale Solutions, a 100% subsidiary of SiamMakro. Leaders in the cash & carry business, the company’s main focus in India will be onmeeting customer’s needs and ensuring satisfaction. It will realize this through acombination of research and advance technology solutions with regards to product storage,packaging and display.

About Charoen Pokphand GroupFounded in 1921 as a seed trading store for Thai farmers, the Charoen Pokphand Group hasover the years grown into an integrated food production, distribution and retail business.Today considered one of Thailand’s largest private company and one of the world’s largestconglomerates, it is headquartered in Bangkok and spans agribusiness and food, retail anddistribution, telecommunications, plastics, automotive, pharmaceutical, property andfinancial investments.