KUALA LUMPUR: Ajinomoto (Malaysia) Bhd is investing RM355mil for a new plant and corporate office in Techpark@Enstek in Seremban.
It said it planned to strengthen the development and production for halal-compliant products as the recognised and established halal food and seasoning manufacturer.
“The new plant will enable Ajinomoto Malaysia to meet this plan which will contribute to the company’s continuing profit growth and sustainability for the future business expansion, ” it said.
Ajinomoto said the new plant would initially be for manufacturing its current range of halal consumer and industrial products, including Umami seasoning Aji-No-Moto, flavour seasonings, menu specific seasonings and products for the industrial food producers.
Ajinomoto said the new plant would also have capacity and space for manufacture of new products that the company may launch.
“The introduction of advanced technology will enable the company to further improve its overall efficiencies and productivity, ” it said.
Work is expected to start in October 2019 and to be completed by March 2022.
The costs of the new plant will be funded through a combination of internally generated funds and external borrowings.
“The cost of the new plant is not expected to have any effect on the share capital of the company and the shareholding of the shareholders of the company.
“However, it is expected to impact on the earnings of the company in the initial few years of operating at the new plant due to depreciation of the new assets and repayment of external borrowings, ” Ajinomoto said.