Cargill may invest $ 1 billion in Indonesia; birds seal

Cargill may invest 1 billion dollars in Indonesia over the next three to four years, with a focus on poultry industry input and in expanding their businesses in palma in the Southeast Asian country, said the company's Chief Executive said Tuesday.
Earlier this year, Indonesia has entered into negotiations to resume shipments of poultry to Japan after a 10-year suspension, with a deal likely evaluated initially in 200 million dollars per year. The discussions followed a food scandal involving suppliers of meat from China.
Cargill, which already has a presence in the sectors of Indonesia's palm oil, cocoa and power supply for creations, sees great potential in the poultry industry in the country.
"The Japan is watching closely for Indonesian chicken, and part of it can replace that volume sales in China fell, because of various problems that China has had," said the Chief Executive of Cargill, David MacLennan, told reporters.
The demand for poultry meat from Indonesia, the fourth most populous country in the world, is also growing, with the improvement of the income of the population.
MacLennan, who met with the new President Indonesian, Joko Widodo, and other senior government officials on Monday, said that part of the investment future in Indonesia would be to enlarge the Palm business.
The company has oil palm plantations cover about 40,000 hectares in Indonesia, the largest producer of edible oil.
Cargill has invested 700 million dollars in the country over the past four years, said the Executive. He was speaking to reporters before the official opening of the cocoa processing unit of Cargill in East Java, at the end of this week.