What’s NEXT!
It wants to expand its presence in Pakistan and is eyeing the emerging markets in the Middle East to increase the revenue contribution of its processed food division business.
The group already exported its processed food products to the US, Europe, and Pakistan. It will enter the Middle East in 2008..
The processed food division accounted for about 15% of its RM442mil revenue for the financial year ended September 2007. By 2009, we expect its revenue contribution to increase to about 30%. It expects Pakistan to generate the bulk of the revenue for this division in 2008, due to the rising standard of living in the country.
CAB owns and manages three facilities manufacturing processed food products, located in Segambut, Kuala Lumpur; and Nibong Tebal and Air Itam in Penang. The facilities manufacture value-added seafood, dim sum and burger products.
On its poultry business, the group expected the prices of broiler meat to remain stable in 2008.
On its new business venture under the broiler division, the group’s grandparent stockbreeding farm in Kedah would start production in June 2008.
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