F&N to invest over $70m to boost capacity in Malaysia

A worker prepares to pack Fraser and Neave (F&N) condensed milk at its factory in Pulau Indah outside Kuala Lumpur, in this Dec 4, 2012 file photo.
A worker prepares to pack Fraser and Neave (F&N) condensed milk at its factory in Pulau Indah outside Kuala Lumpur, in this Dec 4, 2012 file photo. PHOTO: REUTERS

SINGAPORE - Fraser and Neave Ltd, through its 55.5-per cent held subsidiary Fraser & Neave Holdings Bhd (F&NHB), will inject over S$70 million in capacity expansion to fuel business growth in Malaysia.

The capital expenditure projects, which include a state-of-the-art aseptic cold-filling polyethylene terephthalate (PET) bottle line, a warehouse facility, as well as an ultra-high temperature processing (UHT) line, will boost F&NHB's total asset value in Malaysia to RM1.9 billion.

The projects are part of F&NHB's total S$102 million capital expenditure committee, F&N said in a statement on Thursday (May 5).

F&N said it currently operating five soft drinks manufacturing plants in Malaysia and the addition of the aseptic cold-filling PET bottle and UHT lines will enable it to meet increasing demand for its ready-to-drink, healthier range of tea, soya and Asian soft drinks products.