SPC completes 2nd overseas bakery plant in Malaysia
SPC Group, a South Korean food and beverage company, said Wednesday it has completed its second overseas bakery plant in Malaysia as part of its expansion strategy.
SPC invested 80 billion won ($56 million) in the Paris Baguette plant, located at the Nusajaya Tech Park in Johor Bahru, with an aim to gain a share in the $2.5 trillion global halal market, the company said in a press release.
Halal food refers to products that are prepared in a specific way according to Islamic Sharia law, which covers not only meat but also fruits and vegetables.
Once operational, the Johor Bahru plant will serve as a major production hub for supplying the Paris Baguette brand's bakery products across the halal food markets of Southeast Asia and the Middle East, the release said.
SPC has so far advanced into 14 countries with the Paris Baguette brand. The number of Paris Baguette outlets has exceeded 600 globally.
The company currently operates a bakery plant in Tianjin, China, and is in the process of building a $160 million bakery plant in Texas in the United States.
Based on the expanded production facilities, it aims to operate 12,000 Paris Baguette outlets by 2030. (Yonhap)
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