Japfa has its roots in copra pellet
production back in its early history of the Nineteen-Seventies.
The Company was established in 1971 under the name PT Java
Pelletizing Factory as a 50 - 50 venture between PT Perusahaan
Dagang & Industri Ometraco and International Graanhandel
Thegra NV of the Netherlands.
In October 1989, in line
with its expansion plan, the Company floated its shares on
the Jakarta and Surabaya Stock Exchanges. The public listing,
followed by a rights issue in 1990, provided the Company with
the financial strength to launch into the animal feed industry.
Japfa subsequently made strategic
acquisitions of four companies:
PT Comfeed Indonesia (animal feed), PT Ometraco Satwafeed
(animal feed), PT Indopell Raya (pelletizing) and PT Suri
Tani Pemuka (shrimp feed). A second wave of acquisitions took
place in 1992 when Japfa bought PT Multibreeder Adirama Indonesia
(poultry breeding), PT Ciomas Adisatwa (poultry processing
operation) and the shrimp farming and cold storage operations
of Suri Tani Pemuka.
The string of acquisitions
transformed the Company into one of the largest and most integrated
poultry / shrimp producers in the country.