Malayan Flour Mills Allocates RM215 Mln CAPEX For FY2025
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Chairman of Malayan Flour Mills Berhad, Datuk Oh Chong Peng (centre) poses for a photo during the Annual General Meeting press conference of Malayan Flour Mills Berhad today. Also present were Executive Deputy Chairman cum Managing Director, Teh Wee Chye, and Chief Financial Officer of Malayan Flour Mills Berhad, Alan Tee Peng.
KUALA LUMPUR, May 19 (Bernama) -- Malayan Flour Mills Bhd (MFM) has allocated RM215 million in capital expenditure (capex) for the financial year ending Dec 31, 2025 (FY2025).
Of the total, the company will channel RM160 million to its poultry integration segment, with RM100 million earmarked for expanding and upgrading farming infrastructure, including the construction of parent farms and hatcheries, said executive deputy chairman and managing director Teh Wee Chye.
The remaining RM60 million will go towards improvement works at existing farms to boost productivity and supply chain efficiency, he said.
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The RM160 million investment will be jointly funded by MFM and its partner in a 51:49 ratio.
In May 2021, MFM formed a joint venture with meat processor and marketer Tyson Foods for its poultry segment. The partnership leverages Tyson's global network, proprietary technology and market reputation to increase sales, access export markets and improve operational efficiency.
Meanwhile, the flour and grain trading segment will invest RM55 million to expand capacity and improve efficiency across key markets in Malaysia and Vietnam.
'This includes RM20 million for automation at our flour mills in Lumut and Pasir Gudang to reduce manual labour, enhance efficiency and ensure consistent product quality,' Teh said at a press conference after the group's 65th annual general meeting today.
In Vietnam, Teh said the company will invest RM34 million to scale operations. Of this, RM21 million will go towards expanding capacity and upgrading its northern Vietnam plant, while RM13 million is allocated for building flour silos and blending facilities in the southern region.
'These strategies enable us to meet the growing demand for flour and flour-related products in both Malaysia and Vietnam,' he added.
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