BUSINESS

MAMEE TO INVEST RM150 MLN FOR LATEST PRODUCTION TECHNOLOGY IN EXPANSION DRIVE

04/04/2024 11:15 AM

KUALA LUMPUR, April 2 (Bernama) -- Mamee-Double Decker Sdn Bhd will invest as much as RM150 million in a new production facility, using the latest generation of automatic production technology to support its business growth.

Chief executive officer Pierre Pang said with the additional capacity, Mamee can double its business achievements again in the next five years, noting that the company had taken 48 years to record an income of RM780 million. However, in the past five years, Mamee has managed to double this figure thanks to the rapid growth of its export business to more than 80 countries around the world, especially the United States and Europe.

"We have been handling delivery of nearly 300 containers every month from our factories in Malaysia.

"We predict that with the strong support from the Ministry of Investment, Trade and Industry (MITI), the Malaysia External Trade Development Corporation (MATRADE) and the Malaysian Investment Development Board (MIDA), we can double this amount in the next two or three years," he said at the Ihya Ramadan programme and the breaking of fast with orphans on Monday.

Pang said with the support given, Mamee managed to build strong partnerships with global companies around the world such as The Lotus Biscoff Group based in Belgium, Shinsegae Foods based in South Korea and also business ownership partnerships such as The Good Crisps Company in the United States and The Golden Duck, Singapore.

He said the strong partnerships have allowed Mamee to expand its halal snacks to the world "and further make our company one of the largest snack companies in the world, or at least the largest company in the halal snack segment.”

"We cannot thank MITI, MATRADE and MIDA enough for their contributions in making Mamee a fast-growing and innovative global snack company that champions halal food made in Malaysia," he added.

He noted that MITI plays a major role in determining the country's business policy and planning, encouraging and supporting the growth of local businesses such as Mamee to expand to overseas markets.

In addition, MATRADE also plays an important role in promoting and expanding the export market of local Malaysian companies, especially Mamee, at the international level as well as MIDA's role in ensuring smooth operations and empowering Mamee's business.

Meanwhile, the director of Mamee affairs and government relations, Ahmad Syukry Ibrahim, said Mamee organised the Ihya Ramadan programme and breaking of fast ceremony in collaboration with MITI to support and donate to the 100 orphans who attended. "This programme proves that the company cooperates with government agencies and also the community to donate something to the needy," he said.

Mamee has also launched the 'Junior Monstar Scholarship' initiative for company employees whose children have the potential to develop their talents to a higher level.

-- BERNAMA


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