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

May 06. 2016
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By Ann Williams
The Straits Time

SINGAPORE - Fraser and Neave Ltd, through its 55.5-per cent held subsidiary Fraser & Neave Holdings Bhd (F&NHB), will inject over 70 million Singapore dollars 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).

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