F&N Holdings Berhad is looking to lease land in Cambodia through its wholly-owned subsidiary, F&N Foods (Cambodia) Co., Ltd. with Suvannaphum Investment Co., Ltd. at a total lease consideration of US$3,864,000 (approximately RM18,500,000*) and for a term of 50 years.
SIC is a private limited company engaged in the development of Suvannaphum Special Economic Zone, Suvannaphum Dry Port and Customs services, transportation and logistics services, river port services, and warehouses for rent.
The group said it entered into the agreement for the purpose of setting up a manufacturing facility for dairy products to strengthen its presence in Cambodia. The manufacturing facility it said will produce sweetened beverage creamer in can and pouch.
Total cost for the setting up of the manufacturing facility is estimated at US$37.5 million (approximately RM179.5 million*) which includes the cost of leasing the land, construction of building and purchase of machinery. The manufacturing facility is expected to commence operations in the 1st quarter of 2026.
