Malaysia: F&N to Explore Opportunities in the Halal Food Industry

Published by The Halal Journal Newsdesk (Source: International Islamic News Agency) 3 days ago

Original article source: BERNAMA

Datuk Ng Jui Sia, chief executive officer of Fraser & Neave Holdings Bhd, said that Fraser & Neave Holdings Bhd (F&N) will explore more opportunities in the Halal food industry in order to expand its business.

Last September, the contract between the company's beverage division and the Coca-Cola group expired. 'We will feel the impact of separating from the Coca-Cola company, but it does not mean that we must stay at our current level.' He told reporters at the company's annual general meeting: 'We must transform ourselves; we should explore other opportunities through our Halal status.' On the local front, F&N will face many challenges, with raw material and milk powder prices rising this year. Ng said: 'The sugar price issue in Malaysia has not been resolved, so there will be challenges.'

Malaysia's Halal food market holds an advantage

Datuk Ahmad Husni Md Hanadzlah, Malaysia's Minister of International Trade and Industry, said that Malaysia has a great advantage in the global food and beverage market, especially in Halal food. The global Halal food market is expected to be worth $150 billion (570 billion ringgit) per year. Speaking ahead of the 6th Malaysia International Food & Beverage Trade Fair, he said: 'Halal food has unlimited potential, while our current export value is only 6.5 billion ringgit.'

Ahmad Husni said that Malaysia's Halal food has the advantage to win international markets. In 2004, Malaysia's processed food and beverage exports grew by 19.8%, from 7.8 billion ringgit in 2003 to 9.4 billion ringgit, with the main markets being Singapore, the United States, China, Japan, and Australia. Some major export products, including aquatic products, accounted for 22.8% of total processed food and beverages; cocoa powder and cocoa products accounted for 17.9%; food preparations, including soy sauce, accounted for 12%; and margarine and ghee accounted for 8.5%. (Source: Foods1.com)

We hope that domestic enterprises will pay more attention to the Halal market, obtain Halal certification for their products, and enter this market at the right time.

http://www.halaljournal.com/article/6402/malaysia:-f&n-to-explore-opportunities-in-halal-industry

MALAYSIA: F&N to explore opportunities in Halal industry

By The Halal Journal Newsdesk (Source: International Islamic News Agency) published 3 days ago

Original Article Source: BERNAMA

Fraser & Neave Holdings Bhd (F&N) will explore more opportunities in the Halal industry in order to expand its business, says chief executive officer Datuk Ng Jui Sia.

"We will feel the impact of the Coca-Cola company stepping out, but it doesnt mean that we must stay at our current level.

"We must transform ourselves, we should explore other opportunities by using our Halal status," he told reporters at the companys annual general meeting here Friday.

The beverages groups contract with Coca-Cola expired in September last year.

On the local front, F&N will face many challenges this year with the rise in prices of raw materials and milk powder.

Ng said: "The sugar price issue in Malaysia has not been resolved, so there will be challenges.