Japfa invest USD402m in expansion
2013-04-22 14:55:34
Japfa Comfeed Indonesia, plans to invest a total of USD 402 million this year and next in a planned expansion of its capacity to produce feed and DOC. “The expansion is in anticipation of chicken meat demand, which rises by an average of 15% every year,” Putut Djagiri, Senior Head of corporate finance, said last week. The investment is expected to increase the company’s capacity to produce feed and DOC by 34% and 19% respectively by the end of 2014. In total, Japfa’s 12 factories across the country produced around 2.7 million tonnes of animal feed last year. Its DOC stock rose to 450 million last year from 370 million the year before.