May 31, 2011

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

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