PETALING JAYA: Malayan Flour Mills Bhd
(MFM) is investing a total of RM100mil in the financial year 2024 (FY24), of which RM32mil will be used to install a new milling line in Lumut.
MFM chairman Datuk Oh Chong Peng said the new milling line will have new, more efficient, cost-effective technology.
It will also raise the existing 1,800-tonne daily capacity by another 600 tonnes.
“The balance of RM60mil will be to construct and install flour silos and flour blending facilities in Mekong Flour Mills Ltd in southern Vietnam,” he said in the company’s 2023 annual report.
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