MALAYSIA - Fraser & Neave Limited (F&N) is investing over US$51.25 million (RM210 million) to expand production capacity and fuel business growth in Malaysia.
These capital expenditure projects – conducted through F&N’s 55.5%-held Malaysian subsidiary Fraser & Neave Holdings Bhd (F&NHB) - include a-state-of-the-art aseptic cold-filling PET bottle line, an ultra-high temperature processing (UHT) line, and a new warehouse facility; together they are expected to boost F&NHB’s total asset value in the country to US$463.46 million (RM1.9 billion).
On the whole, these investments are part of F&NHB’s total US$73.18 million (RM300 million) capital expenditure committed over two years in Malaysia – one of the group’s core markets. F&N aims to sustain its position as one of the most competitive producers in the industry and extend its product offerings and packaging formats.
In particular, the addition of the aseptic cold-filling PET bottle line and UHT line will help the beverage brand owner meet increasing demand for its healthier range of products – i.e. its ready-to-drink tea, soya and Asian soft drinks products. Both PET bottle and UHT lines will boost annual production capacity by 6.5 million cases and 3.4 million cases respectively.
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