F&N allocates RM1.7bil capex for Phase 1 dairy farm project

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) plans to allocate RM1.7 billion in capital expenditure (capex) for Phase 1 of its dairy farm project in Ladang Permai Damai in Gemas, Negeri Sembilan, said chief executive officer Lim Yew Hoe.

"For Phase 1, the company will start to bring in 2,000 cows featuring a milk processing capacity that can produce 100 million litres per annum,” he said during F&N’s financial year 2024 half-year financial results briefing today.