Indonesian feed producer PT Malindo Feedmill Tbk has revealed its plan to conduct private placement worth around Rp 482 billion (US$ 49.65 million). The proceeds from the private placement will be used 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].
Next year the company plans to increase poultry feed capacity in it's Makassar [South Sulawesi] feed plant up to 300,000 tonnes per annum.
