- Food Empire (SGX:F03) hosted a site visit to its Vietnam operations on 10-11 Sep 25, showcasing the scale-up of its local manufacturing facilities and distribution network.
Site visit highlights significant improvement vs two years ago.
- - Read this at SGinvestors.io -
- Moving forward, Food Empire plans to further enhance operating efficiency by 30% over the next 12 months through more automation.
Strong execution evident in market share gains and revenue growth.
- MacCoffee, Food Empire’s flagship coffee brand in Vietnam, increased its market share by 2ppt to 15% in 2024. Revenue from Vietnam surged by more than 30% y-o-y to US$76m, more than 3x the industry growth rate. This stems from Food Empire’s ability to localise its product range and leverage marketing initiatives that resonate with traditional retail channels, where the bulk of Vietnamese consumers still shop.
- - Read this at SGinvestors.io -
Expect above-industry growth via regular new product launches and unique marketing initiatives.
- Read more at SGinvestors.io.
