Cipendawa’s Income Decreases Bisnis Indonesia, page B1, 2005-09-26
PT Cipendawa Agroindustri Tbk’s income declined 20% in the last two months due to the raging avian influenza issue. Despite the fact that is income dropped significantly, the chicken manufacturer implemented a policy to lower its production price. The price decline from Rp 2,500 per chicken to Rp 1,700 per chicken applies for day old chicken (DOC). Aside from the avian influenza issue, increasing price of cattle feed also influences the company’s performance. However, the company still produces 6 million chickens per month. The company also targets to take over 70% of the market in Java.