Frozen food manufacturer Kawan Food Bhd is optimistic that China will make up as much as 70 per cent of its sales over the next two years.
Kawan Food is well-known for its parathas and chapatis, capturing 60 per cent of its sales each year. It produced more than 200 million parathas in 2009.
In 2009, it reported a net profit of RM13.5 million on revenue of RM88 million.
The export-focused group sells 70 per cent of its products to the UK, France, Germany, Sweden, the Middle East, Japan, Hong Kong, New Zealand and Australia. The US is the group's biggest market, making up about 35 per cent of its export sales.
Kawan Food offers more than 90 products, which include vegetarian selection, tandoori naan, soya protein-based product, samosa, mini buns, flower rolls and dumplings.
FBM KLCI - ended at intraday low, in sync with regional downtrend
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Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI
closed at its intraday low, driven by a last-minute sell-off in utility
stocks...
22 hours ago
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