Sierad Produce Company Secretary Elies Lestari Setiawan said, the capital loan term is one year and the investment credit term of five years. "The company warrants its stocks and certificates of its land and buildings," she said through a press release received by Investor Daily said in Jakarta, Wednesday (17 / 6).

She explained that the investment credit worth Rp 21.5 billion is in line with the breeding farm and hatchery construction plan worth of Rp 310 billion in West Java and Central Java.

Since September 2007, the Company has obtained working capital credit facility up to Rp 225 billion from BNI. With the additional working capital loans from the BNI, the total loans which were obtained from BNI reached Rp 300 billion.

Previously, Elies said, 30% of the investments were financed by internal cash and bank loans for the rest. Bank loans are obtained in installments according to the project progress.

The new breeding farm will be built to meet the supply for the Company's contract grower in Central Java because the capacity of the Company's own breeding farm is all ready full.

Sheds in Central Java, she said, is also expected to maximize the utilization of feed mills of the Company up to 85% from the current of 50%. Construction of sheds may increase the production of 420 thousand of day-old chicks / DOC and 115 thousand of egg- layer chicks per week.

Sierad Produce targeted financial performance this year to grow 20% compared to last year. In 2008, Sierad Produce printed sales growth last year from Rp 1.63 trillion to Rp 2.33 trillion. Operating profit also rose significantly to $ 74.45 billion compared to year 2007 valued at Rp 48.91 billion. Net income rose from Rp 21.19 billion to Rp 27.25 billion. (hut).