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Rhone Ma Holdings Bhd said that its joint venture (JV) with Kulim (Malaysia) Bhd had been appointed by the East Coast Economic Region Development Council to develop, operate, and manage the 275.34-hectare Jemaluang Dairy Valley in Mersing, Johor.
PETALING JAYA: Rhone Ma Holdings Bhd expects to continue sustaining an increase in earnings by leveraging on the demand for meat, in tandem with the growing population of Malaysia.
Based on corporate announcements and news flow on Tuesday (Feb 8), companies that may be in focus on Wednesday (Feb 9) include Genting Malaysia Bhd, Serba Dinamik Holdings Bhd, AirAsia Group Bhd, Tenaga Nasional Bhd, Hartalega Holdings Bhd, Yinson Holdings Bhd, Supermax Corp Bhd, British American Tobacco (Malaysia) Bhd, Fraser & Neave Holdings Bhd, Rhone Ma Holdings Bhd, CI Holdings Bhd, and YTL Power International Bhd.
KUALA LUMPUR: Rhone Ma Holdings Bhd's 49%-owned subsidiary A2 Fresh Sdn Bhd has entered into a joint venture-cum-shareholders agreement with Kulim (Malaysia) Bhd to develop, operate and manage a potential dairy project.
Higher output: By end-2022, Rhone Ma aims to produce 120,000 litres of milk per month from the current output of 30,000 litres. WHILE Malaysia has set its sights on achieving 100% fresh milk self-sufficiency by 2025, official statistics show that the country’s annual milk consumption has increasingly outstripped domestic production in recent years. To put it into perspective, the deficit level for fresh milk has almost doubled from 13.3 million litres in 2014 to 26.1 million litres in 2020, according to data from the Veterinary Services Department. The booming demand for fresh milk and dair...