Malayan Flour Mills Bhd (MFM) stands to benefit from its recent association with US-based Tyson Foods, Inc.
The latter has acquired 49% stake in MFM for more than US$100 million.
This indirectly means MFM will now be able to offer a greater variety of Halal poultry products in Malaysia as well as expand its global reach through partnership with an international player like Tyson.
MFM Managing Director Teh Wee Chye said, “Tyson Foods is one of the world’s largest food production companies with a strong global manufacturing and distribution footprint. Malaysia is one of the key poultry markets in Southeast Asia, with a high per capita consumption of poultry.” Teh also added that Malaysia Halal Market is projected to reach US$147.4 billion by 2025, and it exports about US$9 billion in Halal-certified products annually.
Tan Sun, President of Tyson Foods Asia Pacific said that Tyson Foods’ global resources and robust innovation capabilities paired with MFM’s more than 30 years of expertise as a leading poultry player in the country will enable both companies to make Halal-certified products more readily available and affordable. He added, “The MFM’s gold standard in Halal-certified poultry products complements Tyson Foods’ Malaysia business, which is also recognised as a leader in the country’s halal food industry.”
Tyson presently has 1 plant and an innovation centre in Malaysia.