Malaysia’s MFM invests USD 46m in regional expansion

“With government support and rising demand, we see poultry as a strong growth sector. It remains the most affordable protein source,” said Teh Wee Chye, Executive Deputy Chairman and Managing Director.

MFM’s jetty infrastructure also allows for efficient bulk imports of feed ingredients like corn and soybean meal, optimizing cost efficiency and accelerating cash flow cycles.

Expanding flour operations in Malaysia and Vietnam

MFM is investing USD 11.8 million in its flour and grain trading segment, targeting capacity growth and automation in both Malaysia and Vietnam.

In Malaysia, USD 4.3 million will go toward upgrading flour mills in Lumut and Pasir Gudang, focusing on automation to reduce labor costs and enhance product consistency.

In Vietnam, MFM plans to invest around USD 4.6-7.5 million to expand capacity at its northern plant, and USD 2.9 million to construct silo and blending facilities in the southern region.

These investments are jointly funded by MFM and its partners Vima, Mekong, and DSM.

Outlook: Sustained growth and market leadership

Mr Teh noted that the company’s Vietnam flour plant is operating near full capacity, prompting approval for a new 500-ton-per-day mill to meet increasing demand.

In 2024, the Vietnam flour business generated over USD 428 million in revenue and USD 53 million in profit.

“These investments position us for sustainable growth and operational efficiency across key markets,” he said.

“Our commitment to automation and capacity expansion is central to becoming a leading staple foods supplier in the region.”