May 21, 2013
Indonesia's PT Malindo Feedmill Tbk plans private placement
Indonesian feed producer PT Malindo Feedmill Tbk plans to conduct private placement worth about IDR482 billion (US$49.40 million), in order to fund the company's working capital and investments in business development.
PT Malindo Feedmill Tbk have plans to increase its poultry farms and operations, along with plans to construct a new poultry feed plant with a capacity of 225,000 tonnes per annum, in Semarang, Central Java.
The company plans to increase poultry feed capacity in its feed plant in Makassar, South Sulawesi, up to 300,000 tonnes per annum next year.
