PT Central Proteina Prima Tbk. (CP Prima) has plans to invest more than US$30 million (Rp 400 billion) in the construction of an aquafeed mill and a facility for the production of shrimp products in East Java.
Head of Corporate Communications at CP Prima George Basuki, told Investor Daily the company would build a fish feed mill with a production capacity of 40,000 tons, that is scheduled for completion this year.
CP Prima was badly hit by the IMNV virus that ravaged shrimp production throughout the region. However, the company said the discovery of a specially formulated feed that combats the deadly disease has had a positive impact, particularly on the company\'s subsidiary, PT Central Pertiwi Bahari, reducing the number of infected shrimp from 85 percent to less than 1 percent. Since September 2014, the company\'s net sales increased to Rp 6.77 trillion, from Rp 5.54 trillion over the same period the year before.