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Fraser & Neave Invests in Malaysian Milk Plant - Paper

Source: FLEXNEWS
11/05/2007

11 May 2007 - Singapore's Fraser & Neave Holdings Bhd (F&N) is investing USD 100 million in a new plant in the Klang Valley, Malaysia.

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According to the ‘Malaysian Star’, the new factory is expected to help triple F&N’s capacity for condensed milk in the next 3 years, which currently stands at 8 million cases of milk cans all produced at the firm’s Petaling Jaya plant. 

F&N is currently the leader in the local condensed milk market with its share estimated at 50% to 70%. 

In February 2007, Fraser & Neave acquired Nestlé’s liquid milk factory in Thailand, which now produces 12 million cases of condensed milk. The purchase reportedly contributed RM156mil to group revenue, adds the paper.



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