Malaysia: Haoyue Group Invests RM350 Million In Halal Industry In Melaka

| 15/09/2011 | Reply

By Rashidah Abdul Rahim

MELAKA, Sept 15 (Bernama) — The agro industry giant in China, Haoyue Group, is to invest RM350 million in the halal industry in Melaka.

The group has agreed to invest in processing agricultural products; beef; beverages; and daily essentials needed by Muslims; apart from in the canned food industry and frozen food, said Invest Melaka general manager Ramli Mohd Ali.

He said the investment would be spread over five years. The first phase will entail a RM150 million investment in one year, he said.

“Under the first phase, modern and hi-tech machinery will be used, creating 250 jobs,” he told reporters after the investment agreement signing between Invest Melaka and Haoyue Group here Thursday.

Ramli signed for Invest Melaka and Haoyue Group by chairman Cong Lian Biao.

Ramli said slaughtering of cattle and processing the meat would be done in China.

“The meat will be cut into small pieces before they are brought to Melaka. The beef will be sold in the domestic market and in Asean countries, he said.

Ramli said the Haoyue Group also intends to establish a halal food processing hub on a 52.4ha site at the Melaka Halal Centre in Serkam.

Haoyue Group is the main beef supplier for fat-food giant McDonald’s and its beef-derived products are exported to 21 countries.

Ramli also said Invest Melaka has netted the highest investment returns in its history, totaling RM3.71 billion in the January-June period this year.

He said 14 new projects were approved during the six months, with the potential to create 1,000 jobs, particularly in the petrochemical, electrical and electronics sectors.

— BERNAMA

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Category: Asia, Finance & Investment, Halal Integrity, Meat & Poultry

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