Astral commits US$104.7m investment in plant expansion in 3 years

SOUTH AFRICA - Astral Foods, a leading integrated poultry producer has announced plans to invest in plant expansion with more than US$104 million in capital expenditure for the next three years to improve capacity and efficiencies, according to Business Report. Astral CEO Chris Schutte revealed the plans after reporting improved results, a 15% rise in…

Lower feed costs boost Astral Food’s earnings

SOUTH AFRICA - Astral Foods has raised its final dividend by a hefty 775% to R8.75, after the poultry producer nearly doubled its full-year headline profit. Lower input costs benefited the company tremendously in the year to end-September, as the effect of the drought in the summer rainfall areas abated. Maize and soya are primary…