Food Empire also announced, in September 2024, that it will invest US$80 million in Vietnam’s Binh Dinh province, to construct its second freeze-dried soluble coffee manufacturing facility.
CGS International analyst William Tng has resumed his coverage of Food Empire Holdings (SGX:F03
) with an “add” call. Tng’s last report on the counter was in May 2024.
In May 2024, Food Empire announced its plans to invest US$30 million ($41.1 million) to build a new coffee-mix production facility in Kazakhstan. The plant will occupy half of a 10-hectare plot, leaving room for future expansion. The plant is targeted to be ready for production by the end of 2025, Tng notes.
