MARKET DEVELOPMENT
Cargill Reportedly to Invest $750m on Expanding Indonesian Operations
Cargill Reportedly to Invest $750m on Expanding Indonesian Operations
18/09/2015 (Jakarta Globe) - Cargill Indonesia plans to invest $750 million over the next few years to expand its operations in Indonesia, a government official claimed on Wednesday.
Cargill officials could not be immediately reached for confirmation about the reported investment plan.
The food-processing giant will expand its animal feed and sweetener plants across the country, according to Tamba Hutapea, the deputy chairman for investment planning at Indonesia’s Investment Coordinating Board (BKPM).
The company has invested more than $1 billion in Indonesia in the last five years and employs 26,000 workers at its various operations producing animal feed, cocoa, sugar, grains, palm oil and other vegetable oils, according to the BKPM.
Cargill officials could not be immediately reached for confirmation about the reported investment plan.
The food-processing giant will expand its animal feed and sweetener plants across the country, according to Tamba Hutapea, the deputy chairman for investment planning at Indonesia’s Investment Coordinating Board (BKPM).
The company has invested more than $1 billion in Indonesia in the last five years and employs 26,000 workers at its various operations producing animal feed, cocoa, sugar, grains, palm oil and other vegetable oils, according to the BKPM.