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Japfa Comfeed Indonesia

Founded in 1971, PT Japfa Comfeed Indonesia Tbk ("Japfa") is a play on Indonesia's consumer economy. Japfa is part of a duopoly which controls more than 50% of the market for animal feed and day-old-chicks, the key raw materials which go into breeding chickens. Japfa started the feed business in 1975, took its first step towards vertical integration by starting a breeding operation in 1982, listed on the Jakarta Stock Exchange in 1989 and has since then mainly focussed on regional expansion. Presently, Japfa is vertically integrated. It is a leading agri-livestock company specializing in the manufacturing and distribution of animal feed and the production of animal protein. Its three business segments include (i) poultry; (ii) aquaculture; and (iii) beef cattle. The poultry business consists of: (i) animal feed production and distribution; (ii) day-old chick ("DOC") breeding and (iii) commercial broiler farming. The animal feed, DOCs and broiler farming businesses remain key revenue drivers. (23 Feb 2018)

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