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Background

Fraser & Neave Holdings Berhad was established in 1883 and is one of the oldest companies in Malaysia.

Its main businesses are the manufacture and sale of soft drinks and dairy products, and business in publishing and printing. FNH is the leading non-alcoholic food and beverage player in Malaysia.

Business Description

Dairy products, accounting for 66% of revenue, includes condensed and homogenized milk, and are sold by FNH in Malaysia and Thailand. It comprises many leading brands including F&N, GoldCoin and Teapot sweetened condensed milk and evaporated milk, as well as Carnation, Bear brand, Ideal, and Milkmaid, which are third-party licensed brands.

In soft drinks, brands include Oishi green tea, est Cola, 100PLUS (isotonic sports drink) and Nutri Soy, a soy drink. All have top market share in Malaysia. FNH has been successfully teaming up with other ASEAN beverage companies to market these brands throughout the region via licensing and other manufacturing and marketing agreements.

On 1 September, 2018, the Sales & Service Tax (SST) replaced the Goods & Services Tax (GST) in Malaysia. Dairy products are exempted from tax in this new system whereas sugary drinks are still taxed.

Production capacity is expected to double by 2020 from large capex investments of US$48m for new warehouses, production line.

Leadership

Tengku Syed Badarudin Jamalullail was appointed Chairman of FNH in 2001. Since 2014, he has also been an Independent Non-Executive Director of Fraser and Neave Limited (FNN SP). He received a Master of Arts degree in law and History from Cambridge University, UK.

Lim Yew Hoe has been the CEO of FNH since 2014. He graduated with a Bachelor of Science in Estate Mangement from the National University of Singapore and a Master of Business Administration in Banking & Finance from Nanyang Technological University, Singapore.