January 29, 2015

29/01/2015: CP Indonesia gets loans worth US$400m to boost growth

First published in Milling and Grain, January 2015
 
PT Charoen Pokphand Indonesia Tbk, Indonesia’s largest producer of poultry feed, day old chicks and processed chickens, signed a syndicated loans agreement, worth the equivalent of US$400 million, with 15 international and local financial institutions in Jakarta recently. The company said it will use the loans to secure funding needed for the company’s business expansion over the next few years as well as to support its working capital needs.


http://issuu.com/gfmt/docs/mag1501/12

Director Ong Mei Sian said the company expects 10 percent growth in sales to US$2.3 billion at the end of this year, while total revenue reached US$1.8 billion during the first nine months of the year. The company’s net profits stood at US$140.5 million as of September this year, she added. The company is in the process of building a feed factory in Central Java, as well as day-old chick production and food processing facilities in Indonesia.

Read the magazine HERE.
 

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