MFM allocates RM300mil to improve grain, poultry operations

Malayan Flour Mills executive deputy chairman cum managing director Teh Wee Chye.

KUALA LUMPUR: Malayan Flour Mills Bhd (MFM) has earmarked RM300mil for capital expenditure (capex) for 2024 (FY24) to strengthen its growth.

In a statement, MFM announced that Dindings Tyson Sdn Bhd (DTSB), which oversees the group’s the poultry integration segment, plans to invest up to RM200mil in capex for FY24 to upgrade and expand breeder farms and further automate a poultry processing plant in Sitiawan, Perak.