April 16, 2013

 

New Hope Group plans to boost investment in Indonesia

 

 

New Hope Group aims to increase its investments in Indonesia with plans to build two new feed mills in Surabaya, East Java and Tangerang, Banten.

 

Indonesia's Agriculture Minister Suswono said that New Hope Group plans to invest a total of IDR1.5 trillion (USD$155 million) in the construction of new factories in the country. Aside from feed production the company will also invest in poultry breeding.