- Food Empire experienced a sustained increase in sales across its core markets in 1Q24, showcasing continued strong consumer demand for the company’s products, especially in the Southeast Asia and South Asia regions, which continued to see growth of over 30% in 1Q25.
Continued strong growth in Asia.
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Expanding production capabilities across Asia.
- Food Empire is significantly expanding its production capabilities across Asia to meet growing demand.
- In Vietnam, a new freeze-dried soluble coffee facility is set to begin construction by late 2025 and become operational by 2028, bolstering its ingredients business. Meanwhile, its Malaysian snack manufacturing facility will increase output by about 50% by the third quarter of 2025 after an expansion is completed in the first half.
- Outside Southeast Asia, Food Empire's first coffee-mix plant in Kazakhstan is expected to be finished by the end of 2025, boosting overall coffee-mix capacity by approximately 15% and extending its reach into Central Asia. These strategic expansions are set to drive continued top-line growth across its key Asian markets.
- While Food Empire continues to face headwinds such as higher coffee prices resulting in price disruptions, alongside ongoing economic uncertainties, demand continues to remain robust for the group’s products.
1Q25 Business Updates.
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