FMF Group undertakes major investment plan
July 5, 2018 9:30 am
The FMF Group has embarked upon a capital investment plan to modernize and expand the manufacturing facilities of its subsidiary companies to the latest state-of-art.
Managing Director, Ram Bajekal says the project is estimated to cost about $30 million and is scheduled to be completed in the next two years.
Bajekal says through this project, production capacities and efficiencies are expected to increase.
He adds a new Central Stores and Group Maintenance Workshop with a budget of $7million is also part of this infrastructure plan.
This initiative is in line with the group’s strategy to gear up for the new demand in local and export markets.
FMF Foods Limited had recently commenced operations in its new biscuit factory at Veisari, near Lami.
The factory primarily set up for overseas markets has already started exporting to New Zealand, Papua New Guinea, Vanuatu and Solomon Islands.