JPFA - Allocates 80% of capex for downstream expansion amid nutrition program tailwinds

JPFA - Allocates 80% of capex for downstream expansion amid nutrition program tailwinds Japfa Comfeed Indonesia (JPFA) has set a capital expenditure (Capex) budget of IDR2.2 tn to IDR2.5 tn for 2026, with a strategic focus on its downstream business. Approximately 80% of this budget is allocated to the poultry processing and consumer products segment to capture the rising demand driven by the government's accelerated national nutrition program (Makan Bergizi Gratis). The company aims to increase the utilization of its production facilities as the operation of new Nutrition Service Units (SPPG) across the country is expected to structurally boost national poultry consumption. Additionally, JPFA is benefiting from a favorable cost environment due to the declining trend in raw material prices, particularly soybean meal, which supports margin expansion. (Source : Kontan)