Kawan Food on a roll with strong US dollar

WHILE the after-effects of recession in 2010 had left many fast-moving consumer goods (FMCG) companies hurt and looking for ways to cut costs, the weaker ringgit against the US dollar is certainly proving to be exciting for food manufacturer Kawan Food Bhd.

The strength of the US dollar is somewhat stirring up investors’ craving for the frozen food producer that exports most of its products with sales mostly denominated in the currency.