F&N to invest over S$70 million in Malaysia

Singapore

FRASER and Neave Limited (F&N), via its subsidiary Fraser and Neave Holdings Bhd (F&NHB), will invest over S$70 million to boost its capacity and strengthen its position in core market Malaysia.

F&N has a 55.5 per cent stake in F&NHB.

The investments - part of F&NHB's committed S$102 million in capital expenditure in Malaysia over two years - will include an aseptic cold-filling polyethylene terephthalate (PET) bottle line, a warehouse facility which will be built on a 0.9ha site, a…