Suri Tani Pemuka Eyes 10% Fish Feed Sales Growth
Monday, 09 04 2012
http://en.indonesiafinancetoday.com
By Qayuum Amri

JAKARTA (IFT) – PT Suri Tani Pemuka, fish and shrimp feeds producer and a subsidiary of PT Japfa Comfeed Indonesia Tbk (JPFA), targets 10 percent fish feed sales increase this year to 235 thousand tons from 214 thousand tons year-on-year (YOY). Aminto Nugroho, Head of Sales of Aqua Feed Operation of Suri Tani Pemuka, said the target is supported by higher demand from aquaculture industry.

The company also eyes 27 percent shrimp feed sales growth this year to 16 thousand tons compared to 12 thousand tons in 2011.

The fish feed sales in Java reached 35 percent of total sales, while that in outside Java accounted for 65 percent. Meanwhile, the shrimp feed sales portion reaches 55 percent in Java and 45 percent in outside Java.

The company will optimize the existing factories to increase the animal feed production. In the second semester last year, it added a factory in Lampung with 350 tons per month shrimp feed production capacity and 3,500 tons per month fish feed production capacity.

Aminto said the company is establishing another factory at Manyar, Gresik of East Java. It also plans to build a new factory in Padang of West Sumatera. Currently, it operates five fish and shrimp feeds factories with total 1,750 tons per month shrimp feeds production capacity and 20,130 tons per month fish feeds production capacity.

Based on Japfa Comfeed’s financial statement, the aqualculture sales reached Rp 1.32 trillion (US$ 145.2 million) in 2011, a 25.7 percent YOY increase from Rp 1.05 trillion. Japfa Comfeed owns 100 percent shareholding in Suri Tani Pemuka.

The production of fish and shrimp feeds is projected to increase 12 percent this year to 1.3 million tons compared to one million tons YOY, according to Denny Indrajaja, Head of Animal Feed Entrepreneurs Association of Aqua Feed Division. Of the projection, 900 thousand tons will come from fish feed production and 400 thousand tons from shrimp feed production.

The aqua feed requirement will be fulfilled from 14 feed factories, according to him. The producers include PT Central Proteinaprima Tbk (CPRO), Japfa Comfeed, Cargill, PT Gold Coin Indonesia and PT Sinta Prima Feedmill.

The Ministry of Maritime Affairs and Fisheries targets five million tons production from aquaculture sector this year compared to 3.2 million tons YOY. Sharif Cicip Sutardjo, Minister of Maritime Affairs and Fisheries, said this will be supported through revitalization of traditional farms, such as semi-intensive and intensive farms. (*)