Malaysia: TPM Biotech Eyes US$1.5 Million Revenue From Arman Collaboration

| 07/04/2015 | Reply
By S. Joan Santani

ArmanKUALA LUMPUR, April 6 (Bernama) — TPM Biotech Sdn Bhd (TPM Biotech) aims to generate a revenue of US$1.5 million (US$1 = RM3.66) this year following its collaboration with Arman Muslim Foods Industrial Group of Xinjiang, Ltd to provide expertise and services for halal analysis and certification to the latter.

Arman is China’s leading producer and retailer of Muslim food products while TPM Biotech is a wholly-owned subsidiary of Technology Park Malaysia Corporation Sdn Bhd (TPM).

TPM Biotech Chief Executive Officer Ahmad Husni Johari said the company would offer the expertise and services of its state-of-art Halal Science Laboratory to global players of Muslims foods, products and services.

“It’s also a win-win strategy for both companies to further penetrate the global market.

“Although China is very advanced in its economy, there are certain areas that it still needs help such as in halal products,” he told Bernama after the signing of a collaboration agreement between both companies here, today.

The signing ceremony was witnessed by Ministry of Science Technology and Innovation Deputy Minister Datuk Dr Abu Bakar Mohamad Diah and TPM President and Chief Executive Officer Datuk Azman Shahidin.

Ahmad Husni said under the one-year agreement, TPM Biotech would provide a feasibility study and training on halal product business to Arman and its group of companies.

Established in 1995, Arman Muslim Foods Industrial Group has supermarkets in Urumqi, the capital of Xinjiang, and also distributes its products to over 2,700 Arman franchise chain stores and over 10,000 other stores throughout Xinjiang province.

Meanwhile, Azman said this collaboration was only in the preliminary stage and if things progress well, both companies would subsequently go into a joint venture.

TPM Biotech provides numerous short trainings on halal product business to countries like South Korea, Australia, Japan and Bahrain.

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Category: Asia, China, Food Manufacturing, Halal Integrity, Science & Research

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