F&N aims to step up own brand exports

KUALA LUMPUR: Beverage maker Fraser & Neave Holdings Bhd (F&N) is planning to increase its own brand exports this year, as it is focusing to grow its export business.

"Export comes in two forms. We can export our own brand, and we also use our plant to produce products for other brands. Today, other brands' (export) is still slightly bigger than our own brand," its CEO Lim Yew Hoe told reporters after its AGM here today.

"This year we will further intensify our focus on export, especially on exporting our own brand, (such as) Teapot. Teapot has entered Indonesia, and we have seen a good response," he added.

Lim said the group's Malaysian export business grew by 31% last year.

To date, Lim said about half of the group's profit contribution came from overseas, adding that 40% of its revenue is contributed by its operation in Thailand.