Japfa in $236 mln deal with buyout funds for Indonesian dairy business:https://www.nasdaq.com/articles/japfa-in-%24236-mln-deal-with-buyout-funds-for-indonesian-dairy-business-2020-12-06/6 December 2020
SINGAPORE, Dec 7 (Reuters) - Agri-food company Japfa Ltd JAPF.SI said on Monday it would sell an 80% stake in its Indonesian dairy business to private equity firms TPG and Northstar Group for $236 million, sending the Singapore-based firm's shares 4% higher.Japfa's dairy business in Southeast Asia does everything from farming to the branding of dairy products, and is Indonesia's largest dairy farm operations by volume of premium fresh milk produced with a herd size of over 16,000 Holstein and Jersey cattle, according to a statement. The company said a strategic partnership with TPG and Northstar can bring both funding and senior management expertise to further grow the business. In July, Japfa completed the sale of a 25% stake in its China dairy farming business to Japan's Meiji Co. Ltd for $254.4 million.

Government Encourages Partnership of Breeders and the Milk Industry: http://ekonomi.kompas.com/read/2017/09/23/050000026/pemerintah-dorong-kemitraan-peternak-dan-industri-susu/23 September 2017
The government launched a partnership program between milk processing industry and dairy farmers in an integrated manner. The development of the program aims to ensure the availability of raw material supply in support of the production process. Director General of Agro Industry at the Ministry of Industry, Panggah Susanto said, through the implementation of this strategic move, the supply of raw material of fresh milk is targeted to increase from 23 percent in 2016 to 41 percent in 2021 and expected quality is getting better. To achieve that goal, The Ministry of Industry coordinates with the Coordinating Ministry for Economic Affairs, Ministry of Agriculture, and the Ministry of Cooperatives and SMEs.

The Ministry of Industry also encourages the domestic milk processing industry to carry out its investment commitments, so it will contribute in growing the manufacturing sector and the national economy.