JAKARTA. Publicly listed poultry company Malindo Feedmill has allocated Rp 200 billion (US$14.8 million) in capital expenditure (capex) this year for a new feed mill in Lampung to increase its production capacity to 1.5 million tons per year. Malindo director Rewin Hanrahan said the new feed mill, the sixth to be operated by the company, was expected to be operational by the end of 2017. Malindo is one of the country’s big players in the animal feed and day-old chicks business. “The development of our new feed mill will cost around Rp 200 billion to Rp 300 billion, with a production capacity of 150,000 metric tons per year,” Malindo finance director Rudy Hartono Husin said at a shareholders meeting in Jakarta on Friday.
Malindo to spend Rp 200 billion on new feed mill
JAKARTA. Publicly listed poultry company Malindo Feedmill has allocated Rp 200 billion (US$14.8 million) in capital expenditure (capex) this year for a new feed mill in Lampung to increase its production capacity to 1.5 million tons per year. Malindo director Rewin Hanrahan said the new feed mill, the sixth to be operated by the company, was expected to be operational by the end of 2017. Malindo is one of the country’s big players in the animal feed and day-old chicks business. “The development of our new feed mill will cost around Rp 200 billion to Rp 300 billion, with a production capacity of 150,000 metric tons per year,” Malindo finance director Rudy Hartono Husin said at a shareholders meeting in Jakarta on Friday.