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Northern Region News

August 29, 2017 15:44 PM

FOM Invests RM120 Mln On New Plant

GEORGE TOWN, Aug 29 (Bernama) -- Federal Oats Mills Sdn Bhd (FOM), producer of homegrown Captain Oats, is investing RM120 million to build a new facility in an effort to expand its production capacity.

Executive DirectorMichael Chew said the new plant would cater togrowingdemandforoat-based products, adding that the global oats market wasexpected to reach US$2.5 billion (US$1=RM4.27) by 2022, driven largely by demandfrom South East Asia and China.

"Increased education on heart healthcare has led to a demand for food products containing oats, such as breakfast cereals and snacks.

"Therefore, we are bullish on oats, and are in a prime position to ride this wave," he said beforethegroundbreaking ceremony for thenew plant by Penang Chief Minister Lim Guan Eng at the PenangScience Park in Bukit Minyak, near here.

The plant, to be built overan estimated 2.7 hectares, was expected to be completed in two years.

Chew said thenew plant wouldhave about 100 personnel, includingskilled engineers to primarily focus on research and development.

"Our grain storage capacity will also increase to 25,000 tonnesand the new plantwouldincrease the group's daily milling capacity by five-fold.

"With this huge boost in capacity, we will be able to ramp up supply to new growth markets and allow us tocater to markets with more sophisticated diets and taste preferences," he said.

The presentfactory is located in Mak Mandin Industrial Park and is the only oat milling plant in Southeast Asia.

Incorporated in 1965, the companyis a subsidiary of United Malayan FlourSdn Bhd andproducesoatmeal under the Captain Oats brand which isavailable in 35 countries across Southeast Asia, South Asia, the Middle East, Africa and China.

-- BERNAMA



 
 

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