17 Jun '11, 3pm

#singapore #news F&N opens milk factory in Thailand: FRASER & Neave's (F&N) food and beverage unit has... #business

FRASER & Neave's (F&N) food and beverage unit has opened a $110 million canned milk factory in Thailand, as it prepares to step up its presence in the Asian dairy market. The facility - the company's biggest investment in the country - can produce up to 3.5 million cans of evaporated, condensed and sterilised milk a day. The milk will be sold in Thailand and exported to almost 20 countries, including Cambodia, Laos, Australia and parts of the Middle East and Africa, said Mr Koh Poh Tiong, chief executive of the food and beverage division. F&N, known for its canned milk brands such as Carnation and Teapot, expects revenue at its Thai dairy operations to double to $691 million by 2016. But the bigger plan is to replicate the successful strategy of another well-known F&N beverage: Tiger Beer. Said Mr Koh on Thursday: 'We're going to export a lot to Vietnam, Cambodia and Laos,...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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