DXN setting up coffee factory


  • Business
  • Friday, 05 Sep 2003

BY EMBUN MAJID IN JITRA, KEDAH

DXN Holdings Sdn Bhd is investing RM4.5mil in a new coffee factory that will more than double its coffee production when commissioned by the end of next year. 

The new factory would increase production up to 500,000 sachets per day from 200,000 now, executive chairman and chief operating officer Dr Lim Siow Jin said during a press tour of DXN's production facilities in Jitra yesterday.  

Groundwork has started on the factory at DXN's 19.79ha site in Bukit Wang, Jitra, which also houses the group's pharmaceutical and household products manufacturing facilities. 

Lim said the coffee type drinks to be produced at the factory included the three-in-one Lingzhi Coffee, its recently introduced Cocozhi and Roasted Coffee

Its three-in-one Lingzhi Coffee contributed 36% of the company's sales and the figure is expected to increase when the new factory starts production. 

Lim said DXN would also venture into skincare products next year. 

“The study on the usage of Ganoderma mushrooms in skincare products is being conducted by Palm Oil Research Institute Malaysia and is nearly completed,” he said. 

He said the skincare products would include lotion, facial masque and lipstick. 

DXN is a home-grown cultivator, producer and marketer of Ganoderma Lucidium (Lingzhi mushroom) products that is expected to be listed on the KLSE main board on Sept 30. 

The DXN group's products come in four main categories - health food supplements, food and beverage, personal care products and household products.  

For its flotation on the KLSE, DXN is making an offer for sale of 47.6 million 25 sen shares, of which 35.6 million shares are for institutional investors and 12 million for bumiputras. 

There would also be a public issue of 10 million shares, of which 1.2 million would be offered to the public and the balance 8.8 million reserved for directors, employees, distributors and suppliers of DXN and its subsidiaries. 

DXN expects to raise RM28.6mil from its listing exercise. 

 Stock Watch On DXN

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