Charoen Pokphand, agrees loan for US$250 million for expansion

Indonesia's largest animal feed and processed chicken manufacturer Charoen Pokphand, has secured US$250 million (€183.952 million) loan from foreign and local banks to finance its proposed expansion. The expansion includes a new plant to be built in Cirebon, West Java, as well as a possible plant in Bali. “The company is aiming to expand its feed mill production capacity from four million tons per year to five million tons per year,” the president director said. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.

Charoen allocates US$174m for expansion

Animal feed and processed chicken producer PT Charoen Pokphand Indonesia (CPI) says it will allocate Rp1.5 trillion (US$174 million) in 2011 for capital expenditures to support expansion plans. CPI director Ong Mei Sian said on Wednesday that the funds would be sourced internally, even though bank loans were available.

She added that the company would spend the funds to increase the capacity at existing plants, relocate an existing plant in Lampung and build a new plant in East Java. CPI, the local subsidiary of the Thai conglomerate Charoen Pokphand Foods, currently has seven plants one each in West Java, Central Java, Lampung, North Sumatra and South Sulawesi and two plants in East Java. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers