July 27, 2010
Malaysia's Leong Hup plans US$9.4 million broiler farm
Integrated poultry company Leong Hup Holdings Bhd plans to spend up to MYR30 million (US$9.4 million) this year to set up a broiler farm in the Bio Desaru Food Valley project in the Kota Tinggi district.
Executive director Tan Sri Francis Lau Tuang Nguang said the farm would be located on 72.84 hectares dedicated for poultry farming activities within the 3,642.17 hectares Bio Desaru Food Valley, the first big-scale organic food farm in the country.
"We are investing between MYR20 million and MYR30mil in the farm which will have the capacity to produce 500,000 to over one million fowls within the next three years,'' Lau said recently after the signing of the memorandum of agreement (MoA) between Leong Hup subsidiary Leong Hup Contract Farming Sdn Bhd and Johor Biotechnology & Biodiversity Corp (J-Bio Tech).
State-owned J-Bio Tech, the developer of Bio Desaru Food Valley, also signed MoAs and memoranda of understanding with eight other companies in conjunction with the 2nd Bio Johor 2010 International Biotechnology and Biodiversity Conference.
Before the government abolished the ceiling price for chicken, it stood at MYR6 per kg. Malaysia has a per capita chicken consumption of about 38kg.