AmBank part-finances Baskin-Robbin's RM30mil automation and expansion plan


From left: AmBank executive vice-president of commercial banking Yeow Swee Yun, GOlden Scoops CEO Cheah Jia Ming, AmBank group CEO Datuk Sulaiman Mohd Tahir, Golden Scoops chairman Datuk SY Cheah and AmBank managing director of business banking Christopher Yap Huey Wen

KUALA LUMPUR: AmBank Group is part-financing a RM30 million investment in Baskin-Robbin's one-stop supply chain centre in Bandar Serenia, Sepang.

The investment in the master franchisee and operator of Baskin-Robbins Malaysia and Singapore, Golden Scoop Sdn Bhd (Golden Scoop), will consolidate the ice cream powerhouse’s storage, manufacturing and distribution functions and expand its capacity beyond its current 150 stores across Malaysia and Singapore, a joint statement said.

The new factory is equipped with an automatic storage retrieval system which will help automate repetitive tasks, cut down on manual labour, and boost productivity and product quality overall.

AmBank group chief executive officer Datuk Sulaiman Mohd Tahir said Golden Scoop will be able to transform and modernise its manufacturing processes while embarking on Industrial Revolution 4.0 (IR 4.0) technology to further enhance efficiency and process effectiveness.

Sulaiman also said the investment is aligned with AmBank’s digitalisation aspirations as a financial institution embracing IR 4.0 and empowering its clients to pursue digitally-driven operational excellence.

"It is exciting to be able to support an ice cream powerhouse such as Baskin-Robbins Malaysia to boost the future of the food and beverage industry in the region,” Sulaiman said.

Meanwhile, Golden Scoop president Datuk Cheah See Yeong expressed the company’s appreciation to AmBank Group for its support.

"The one-stop centre will enable Golden Scoop to further enhance its position in the premium ice cream industry in Malaysia and Singapore,” Yeong said. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Kering says profit likely to tumble
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
UK firms told to ‘urgently review’ green claims
Scrap processing makes many villagers richer
Enphase sees soft solar market rebounding despite weak sales
Businesses concerned about rising forex woes
Gold prices surge to new all-time highs
New Zealand 1Q imports fall amid sluggish economy

Others Also Read