Nestle to invest $100M in E. Java
PT Nestle Indonesia said it plans to increase its investment in dairy cattle farms in Indonesia in 2010, Asia Pulse reported.
The company will invest $100 million to expand its dairy cattle farms in cooperation with local farmers in East Java, company president Peter Voght said.
"The company's total investment in cattle farms will be three times larger than its first investment in 1975," he added.
The company will also invest in the raw milk processing industry, Voght said.
Around 30,000 farmers are involved in the dairy cattle farming partnership with Nestle, which receives 600,000 liters of raw milk per day, Investor Daily reported.
The company will invest $100 million to expand its dairy cattle farms in cooperation with local farmers in East Java, company president Peter Voght said.
"The company's total investment in cattle farms will be three times larger than its first investment in 1975," he added.
The company will also invest in the raw milk processing industry, Voght said.
Around 30,000 farmers are involved in the dairy cattle farming partnership with Nestle, which receives 600,000 liters of raw milk per day, Investor Daily reported.