Malindo allocates USD 60 million for capex

February 5, 2020

Indonesian poultry integrator Malindo Feedmill has allocated USD 60 million for capital expenditure (capex) this year, through 70% bank loans and the rest from internal funds. Corporate Secretary of Malindo Andre Andreas Hendjan told Asian Agribiz, the funds were allocated to complete the construction of a new feedmill in Lampung, new breeder farms and new broiler farms. The company has also allocated funds for new hatching machines.