KUALA LUMPUR: Fraser and Neave Holdings Bhd
will invest RM210mil in a new warehouse in Shah Alam and an ultra-high temperature processing (UHT) line in Kuching to meet capacity expansion and business growth projections.
Chief Executive Officer Lim Yew Hoe said the RM180 million integrated four-level warehouse facility to be built on a 0.89-hectare site within the existing Shah Alam plant, would offer a four-fold increase in storage capacity.
It will, he added, house an aseptic cold-filing Polyethylene Terephthalate (PET) line to facilitate the group's extension into new offerings and packaging formats.
"The project will commence in the third quarter and is expected to be completed within the next 24 months," he told a press conference after announcing the group's half-year financial highlights here on Thursday. - Bernama
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