F&N Dairies banking on new plant to lift exports
STRATEGIC LOCATION: Pulau Indah facility to help subsidiary achieve RM400m target
FRASER & Neave Holdings Bhd's (F&N Malaysia) subsidiary, F&N Dairies (M) Sdn Bhd, expects to double its dairy exports to 40 per cent from its total output by 2018.
This would translate into RM400 million worth of its dairy exports within the five-year period.
The company is confident of achieving the target with its RM370 million new facility in Pulau Indah, here, which has the maximum capacity of 1.5 million cans a day and which is 30 per cent more than the capacity of its previous factory in Petaling Jaya, Selangor.
F&N Malaysia chief executive Somsak Chayapong said the dairy products produced by the company are exported to 40 countries.
"Our strategic location within the Selangor halal hub will also provide additional thrust to widen our penetration of the global halal markets, which offers exponential growth opportunities with its two billion consumers," Somsak said after opening the company's Pulau Indah plant yesterday.
The event was officiated at by the Sultan of Selangor Sultan Sharafuddin Idris Shah.
Also present were F&N Malaysia chairman Tengku Syed Badarudin Jamalullail, F&N Ltd chairman Charoen Sirivadhanabhakdi, F&N deputy chairman Wanna Sirivadhanabhakdi and F&N Dairies Malaysia managing director Tan Hock Beng.
The Pulau Indah facility is F&N's second dairy plant. Its first facility is the F&N Dairies Thailand in Rojana, which started operating in 2009.
The new plant has an initial capacity of about 500 million cans of condensed and evaporated milk per year. It also produces 5.4 million litres of sterilised milk annually.
The operations of F&N Dairies in Thailand and Malaysia have a combined capacity of five million cans a day, making it Asean's biggest canned milk producer.
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