Sep 26, 2011

Charoen to invest Rp2.5 trillion

PT Charoen Pokphand Indonesia Tbk (CPIN) intends to put Rp2.5 trillion investment next year, using Rp1.8 trillion loan it secured from 13 banks and the remaining is from internally generated cash flow. 
Charoen President Director Thomas Effendy said the poultry will be allocated of Rp1 trillion and Rp1 trillion for breeding farm. "The remaining investment is aimed to put in food sector."
In 2012, Charoen plans to construct 2 facilities in Cirebon and Bali. A new facility in Lampung will be constructed. Charoen manages seven production facilities with a total capacity of 3.5 million tons a year.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: