Tag: Malaysia

Nestlé launches dairy free Milo in Asia, commits to protect region’s forest landscapes

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ASIA – Nestlé has launched its plant-based version of popular chocolate malt beverage, Milo in Asia in response to a rising tide of consumers preferring more dairy alternatives in their diet. This new version replaces the milk in the original recipe with almond and soy, but the other two core ingredients – malt and cocoa – remain the same. Its launch follows the roll out of a plant-based Milo powder in Australia in 2020, a launch that created huge excitement in the country where Milo was first introduced in 1934.…

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Nestlé’s new plant-based food processing facility in Malaysia to support alternative proteins adoption in Asia

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MALAYSIA – World’s largest food company Nestlé has inaugurated a new production site for plant-based burgers, schnitzels, mince, and more in Shah Alam, Malaysia in an effort to support the current wave of alternative protein foods that is currently happening in Asia. According to Nestlé, the new facility has the capacity to produce 8,000 tons of plant-based food a year and will supply both foodservice and retail with the new Harvest Gourmet brand. Plant-based diet is now in vogue in Asia just like in many other parts of the world…

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Tyson to buy 49% stake in Malayan Flour Mills Berhad’s poultry business even as Q1 profits plunge

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MALAYSIA – American multinational food corporation Tyson Foods has agreed to acquire a 49% stake in the poultry segment of Malaysian food manufacturer, Malayan Flour Mills Berhad (MFM). Tyson Foods, the world’s second largest processor and marketer of chicken, beef, and pork currently operates one plant and one innovation centre in Malaysia. The new partnership will see Tyson invest in the company’s vertically integrated poultry business, which includes feed mills, hatcheries, farms and processing facilities, with the aim of increasing supply flexibility for both companies. “Once completed, the poultry deal…

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Finnish food packaging specialist Huhtamaki to relocate Malaysia paper cup manufacturing facility

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MALAYSIA – Global food packaging specialist Huhtamaki has announced a €10 million (about US$ 12.15 million) investment in a new manufacturing site in Malaysia, in order to better serve its customers in Southeast Asia. The relocation comes a month after the Finnish based company announced that it is establishing a new fibre packaging manufacturing plant at its existing site in Alabuga, Russia. According to Huhtamaki, the Russia facility expansion became neccessary after the company witnessed a rapid growth of the retail and egg packaging sectors in the region. As part…

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Malaysian startup Food Market Hub raises US$4m to increase market share, expand into new markets

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MALAYSIA – Food Market Hub (FMH), a Malaysia-based food and beverages (F&B) procurement and inventory management startup has announced it has secured US$4 million in Series A round of funding. FMH which raised the funds in a round co-led by Go-Ventures and US-based investment firm SIG plans to use the fresh capital to increase its market share in Malaysia. The company also has plans to later expand into markets including Indonesia, Thailand, and Vietnam. Founded in 2017 by Anthony See and Shayna Teh, the company offers a cloud-based platform that…

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