Australia’s CPC to beef up share in Asia

beef-australiaThe Asian business currently represents 40 per cent of CPC’s revenues. (Image source: Humusak2/sxc.hu)Australia’s largest privately-owned beef producer Consolidated Pastoral Company (CPC) is looking to pursue partnership opportunities in China, Indonesia and new markets such as Vietnam

CPC holds a 50 per cent interest in a joint venture that owns and operates two cattle feedlots in Indonesia and a partnership in China.

According to Troy Setter, chief executive of CPC, the company was expanding one of the feedlots in Indonesia and was on the lookout for joint-venture partners in China.

“We plan to build off our Indonesia and Chinese businesses. The Asian business now represents 40 per cent of revenues. I think we will see that at least half of our revenue will come from Indonesia and greater Asia in the next couple of years,” Setter added.

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