What Malindo Feedmill does

PT Malindo Feedmill Tbk (IDX: MAIN) is an Indonesian integrated poultry agribusiness founded in 1997 and listed on the Indonesia Stock Exchange since 2006. The company operates across the full poultry value chain — animal feed manufacturing, breeding farms, commercial broiler farms, processed food production, and downstream retail — with four feedmill plants located in Cikande (Banten), Grobogan (Central Java), Makassar (South Sulawesi), and Surabaya (East Java), supported by corn dryer facilities and 50,000-ton silo capacity for raw material storage and quality preservation. Its wholly-owned subsidiaries include PT Bibit Indonesia (poultry breeding), PT Prima Fajar (commercial broiler), PT Leong Ayamsatu Primadona (poultry operations, acquired 2007), and PT Malindo Food Delight (processed food manufacturing, established 2008).

The company's product portfolio spans poultry feed and day-old chicks (DOC) for B2B agricultural customers, broiler chickens and processed products (nuggets, karaage, breaded chicken) under the SunnyGold and Ciki Wiki brands, pet food under Wolly, Goldie, Star Rabbit, and Super Rabbit brands, and a direct-to-consumer fried chicken restaurant chain under the Sunny Chick brand. Revenue streams are dominated by feed production and broiler sales, with growing contribution from processed food exports. Export markets include Japan, Singapore, UAE, Oman, and Qatar, with Singapore Food Agency approval secured in 2023 and first Qatar shipment completed in January 2026.

Malindo monetizes through hardware sales of feed, DOC, broiler chickens, processed food, and pet food across multiple channels: direct enterprise field sales to commercial farms, distribution through pet stores and veterinary clinics, export partnerships with international distributors (Sariraya for Japan, Lulu International for Middle East), and the Sunny Chick franchise restaurant network. The company reports FY2025 net sales of Rp12.69 trillion (approximately $760M USD) and is differentiated by vertical integration, multiple international certifications (ISO 9001, ISO 22000, Halal, Avian Influenza-Free), proprietary R&D through the Malindo Research and Development Centre (MRDC), and government-level partnerships including a 2026 USDA-USSEC joint feed trial protocol. Board leadership is family-controlled by the Lau family, with Tan Sri Lau Tuang Nguang serving as President Director and Lau Chia Nguang as President Commissioner.

Name

Malindo Feedmill

Legal name

PT Malindo Feedmill Tbk

Website

https://malindofeedmill.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Malindo Feedmill Tbk (IDX: MAIN) is an Indonesian integrated poultry agribusiness operating feed production, breeding, commercial farming, processed food manufacturing, and the Sunny Chick restaurant chain, with FY2025 revenue of Rp12.69 trillion (~$760M) and exports to Japan, Singapore, UAE, Oman, and Qatar.

Ownership category

akta.pro rank

Product category

Animal Feed and Poultry Production

NAICS

Poultry Processing (311615), Animal Food Manufacturing (3111), Other Animal Food Manufacturing (311119), Broilers and Other Meat Type Chicken Production (11232)

SIC

Poultry Slaughtering And Processing (2015), Food And Kindred Products (2000)

akta.pro primary industry

Broiler (Meat Chicken) Feed (AFADACAA)

akta.pro secondary industries

Broiler Processing (Whole Bird, Parts, Further Processing) (AFANACAI), Further Processed Poultry (Cooked, Breaded, Nuggets, Patties, Wings) (AFANACAC), Poultry Wholesale (Whole Birds, Parts) (AFAIADAC)

Keywords

• Poultry feed production
• Day-old chick supply
• Broiler chicken farming
• Processed chicken products
• Poultry breeding operations

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Feed Production: Manufacturing and sales of poultry feed to internal operations and external customers
2. Day-Old Chick (DOC) Sales: Sales of day-old chicks from breeding operations
3. Broiler Chicken Sales: Sales of commercial broiler chickens, both live and processed (frozen whole chicken)
4. Processed Food Products: Manufacture and sales of processed chicken products including nuggets, karaage, and breaded chicken through PT Malindo Food Delight subsidiary
5. Pet Food Products: Sales of pet food products under brands including Wolly, Goldie, Star Rabbit, and Super Rabbit
6. Sunny Chick Restaurant Franchise: Franchise operation of Sunny Chick fried chicken restaurants serving consumer market directly

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

PT Malindo Feedmill Tbk manufactures poultry feed, breeds and raises broiler chickens, and processes fully-cooked chicken products (nuggets, karaage, breaded chicken) for domestic and export markets. The company also operates the Sunny Chick fried chicken restaurant chain and produces pet food products under the Wolly, Goldie, Star Rabbit, and Super Rabbit brands. Operations are vertically integrated across feed production, breeding, commercial farming, slaughter, and processed food.

Product overview

PT Malindo Feedmill Tbk operates as an integrated poultry company with five main business segments: Feedmill (animal feed production), Breeding Farm (parent stock operations), Commercial Farm (broiler chicken production), Food Processing (through subsidiary PT Malindo Food Delight), and the Sunny Chick restaurant chain. The company also produces pet food products. Processed food products are sold under the SunnyGold and Ciki Wiki brands, while the Sunny Chick brand operates fried chicken restaurants. The company is listed on the Indonesia Stock Exchange (IDX) with stock code MAIN and has been operating in Indonesia since 1997.

Differentiator

Problem solved

Functional benefit

Brands

• SunnyGold: Processed food brand including nuggets, karage, and frozen chicken products
• Sunny Chick
• Ciki Wiki
• Sunny Popping Breaded Chicken
• Wolly
• Goldie
• Star Rabbit
• Super Rabbit

Products and services

• Poultry Feed (Feedmill) Manufactured poultry feed for both the company's integrated poultry operations and external commercial farms, with strict quality control from raw material selection to finished product.
• Breeding Farm Operations (Parent Stock and Day-Old Chicks) Parent stock farming and day-old chick (DOC) production through subsidiary PT Bibit Indonesia, supplying the company's integrated operations and external poultry farmers.
• Commercial Broiler Chicken Farming Raising of broiler chickens for meat production on company-owned farms and through partnership schemes via subsidiary PT Prima Fajar, producing live broilers and processed (frozen whole) chicken.
• Processed Chicken Food Products (SunnyGold and Ciki Wiki brands) Fully-cooked and ready-to-heat processed chicken products (nuggets, karaage, breaded chicken, frozen whole chicken) manufactured by PT Malindo Food Delight under SunnyGold and Ciki Wiki brands, sold domestically and exported to Japan, Singapore, Qatar, UAE, and Oman.
• Sunny Chick Fried Chicken Restaurant Chain Company-owned and franchise fried chicken restaurant chain selling crispy fried chicken, grilled chicken, ricebox meals, and assorted sauces (spicy, BBQ, mentai, curry, geprek) directly to end consumers.
• Pet Food Products (Wolly, Goldie, Star Rabbit, Super Rabbit) Pet food products marketed under the Wolly, Goldie, Star Rabbit, and Super Rabbit brands, sold to pet stores, veterinary clinics, and pet food distributors.

Quantifiable outcome

• Revenue of Rp12.69 trillion in 2025, up 1.52% from previous year
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• U.S. Soybean Export Council (USSEC)coreStrategic or Co-development Partner · 4 February 2026Signed feed trial protocol cooperation agreement between USSEC and Malindo Research and Development Centre (MRDC) to support joint feed trial for soybean-based poultry feed nutrition research in Southeast Asia. The collaboration aims to strengthen R&D in poultry feed nutrition with research activities conducted at MRDC facilities.
• U.S. Department of Agriculture (USDA)coreStrategic or Co-development Partner · 4 February 2026USDA Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs participated in USSEC-Malindo feed trial protocol signing ceremony, representing government-level support for agricultural research cooperation.
• Indonesian Navy (KRI Banda Aceh 593)minorOthers · 4 December 2025Indonesian Navy provided vessel for transporting flood relief aid from Jakarta to ports in West Sumatra, Medan, and Banda Aceh as part of Sumatra flood relief operations coordinated with Ministry of Agriculture.
• Ministry of Agriculture of the Republic of Indonesia (Kementan)coreStrategic or Co-development Partner · 2 December 2025Participated in 'Kementan Cares for Sumatera Floods' social initiative, contributing five trucks of basic food supplies. Minister of Agriculture presented certificate of appreciation for social contributions. Partnership supports government food security and disaster relief programs.
• Badan Pangan Nasional (National Food Agency/Bapanas)minorStrategic or Co-development Partner · 13 December 2024Cooperation with Bapanas for disaster relief, distributing food aid to victims of Kemayoran fire disaster. Partnership supports government food assistance programs and nutrition initiatives.
• Lulu InternationalcoreChannel Partner/ Reseller/ Distributor · 1 December 2021Partnership to support Indonesian Ministry of Agriculture's GRATEKS program (targeting three-fold increase in agricultural exports). Lulu International serves as distribution partner for Malindo products in Middle East markets.
• Sariraya Co. Ltd (Japan)coreChannel Partner/ Reseller/ Distributor · 10 November 2020Signed MoU with Japanese import company Sariraya for processed food exports to Japan. The partnership was established during Trade Expo Indonesia 2020 organized by Ministry of Trade, resulting in initial export of SunnyGold products to Japan.

Scale indicators10 records

Recent moves13 records

Expansion highlights5 records

Direct peers

• PT Sierad Produce Tbk: Indonesian poultry producer with integrated feed, DOC, broiler, and processing operations. Listed IDX peer comparable across product mix and customer base.
• PT Japfa Comfeed Indonesia Tbk: Major Indonesian integrated poultry, feed, and aquaculture company. Operates feedmills, breeding, commercial farms, and processed poultry — directly overlapping Malindo's core business model and customer segments.
• PT San Miguel Pure Foods Indonesia: Subsidiary of San Miguel Foods Philippines operating processed poultry and meat products in Indonesia. Comparable in processed chicken (nuggets, value-added products) and feeds into similar foodservice and retail channels.
• PT Charoen Pokphand Indonesia Tbk: Indonesia's largest integrated poultry and feed producer under Charoen Pokphand Group. Directly comparable across feed, DOC, broiler, and processed poultry; competes head-to-head for commercial farmer customers and consumer market share.
• PT Wonokoyo Jaya Corporindo: Indonesian poultry integrator with feed, breeding, broiler, and processed food operations. Direct domestic competitor focused on the same East Java and national markets as Malindo.

Broad incumbents

• New Hope Liuhe: China's largest feed producer and integrated poultry operator. Comparable feedmill-to-food value chain model with significant R&D and scale advantages; useful proxy for long-term feed margin benchmarks.
• Charoen Pokphand Foods (CPF): Thailand-based global integrated poultry and feed giant, parent of CPIN. Operates the same integrated poultry business model globally; broader geographic scale and deeper R&D make it a useful international benchmark for Malindo.
• Cargill Animal Nutrition (Indonesia): Global agribusiness operating animal feed (including poultry feed) production in Indonesia. Competes with Malindo in feed sales to commercial farms and is a relevant benchmark for feed quality, sourcing, and global best practices.

Others

• PT Cisarua Mountain Dairy (Cimory): Indonesian listed consumer food company with branded dairy and processed food products. Not a direct poultry peer but a relevant comparable for Malindo's consumer-facing branded food strategy (SunnyGold, Sunny Chick) on the IDX.

Regional players

• De Heus Animal Nutrition: Dutch-headquartered animal feed manufacturer with significant Asia operations including Indonesia. Competes in commercial poultry feed with global formulation expertise; primarily regional competitor with overlapping feed-only product line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/PT-Malindo-Feedmill-Tbk-141766405863686
• LinkedInlinkedin.com/company/pt-malindo-feedmill-tbk
• Instagraminstagram.com/malindofeedmilltbk

Compliance19 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malindo Feedmill