June 14, 2010
Indonesia's Japfa to embark on expansion
Publicly traded feed producer PT Japfa Comfeed Indonesia has announced that it will spend IDR465 billion (US$50 million) on business expansion this year.
Half of the fund will be for its poultry breeding subsidiary PT Multibreeder Adirama Indonesia, Japfa vice president Bambang Budi Hendarto said.
Around US$10 million will be for the development of two feed plants in Jepara, Central Java, and construction is already underway to be completed in 2011, Bambang said.
The company, which already has 12 animal feed plants with a total capacity of 2.39 million tonnes, will continue building new factories, he said.