F&N wants to get half a billion ringgit of export sales by 2020
Ibrahim Sani
January 24, 2018 16:12 MYT
January 24, 2018 16:12 MYT
F&N made these announcements at the recently concluded AGM of the company
Fraser & Neave (F&N) Holdings Bhd today announced a debottlenecking programme at its dairy plant in Pulau Indah that will add up to five million cases in additional annual capacity to fuel and accelerate exports from Malaysia and domestic growth.
The RM25 million smart capex initiative at F&N Dairies Manufacturing plant in Malaysia will address the much-needed capacity for exports and domestic markets. This is expected to accelerate F&NHB's exports business towards achieving its sales target of RM500 million from Malaysia ahead of the 2020 deadline.
Similarly, the Group is also looking at targeted capacity expansion in its plants in Rojana and Pakchong, Thailand. Together with its Thai operation, F&N is targeting RM800 million in total exports by 2020 while firmly establishing Exports as a sustainable third pillar alongside contributions of the Malaysian and Thai business operations.
F&N is listed on Bursa Malaysia's Main Board with expertise and a prominent standing in the food and beverage business and has been in business for 135 years. The Company's portfolio of brands include 100PLUS, F&N Fun Flavours, F&N SEASONS, F&N Condensed and Evaporated Milk and more.