Japfa, McDonald's tie up

Japfa, McDonald's tie up

JAKARTA (JP): PT Japfa Comfeed Indonesia, a major agribusiness
enterprise, and an American food processing company will soon set
up a joint venture to process and supply McDonald's total
requirement of processed beef and chicken products in Indonesia.

"The establishment of the joint venture is being finalized,"
PT Japfa Comfeed Indonesia said in a statement issued yesterday.
It did not mention the investment amount for the joint venture.

According to the statement, Japfa, through its subsidiary PT
Suntoryfood Corporation, is developing a fast growing beef
operation to supply the planned joint venture.

Japfa, which is listed on the Jakarta Stock Exchange and
claims to have one of the most modern chicken processing plants
in Indonesia, has been supplying fresh chicken to McDonald's
since 1991.

However, while Japfa's present supply to McDonald's is
restricted to fresh chicken, the planned joint venture will
supply processed chicken and other processed products such as
beef patties, chicken nuggets and patties to the American fast-
food company.

Japfa's business includes animal feed manufacturing, chicken
breeding and poultry processing, aquaculture farming and
processing, cattle feedlot and beef processing. (13)