Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Brahim's banks on Jordan for more Mideast deals

Go down

Brahim's banks on Jordan for more Mideast deals  Empty Brahim's banks on Jordan for more Mideast deals

Post by hlk Fri 26 Apr 2013, 08:26

The in-flight caterer also aims to expand its halal food business in the Arab region



[You must be registered and logged in to see this image.]

KUALA LUMPUR: Brahim's Holdings Bhd is banking on Jordan to
promote its military food products in the Middle East and improve
overseas earnings, major shareholder Datuk Ibrahim Ahmad Badawi (pic) says.

The in-flight caterer also aims to expand its halal food business in
the Arab region, said Ibrahim, who is group executive chairman.


Brahim's, via wholly-owned unit Brahim's Overseas Ventures Sdn Bhd
(BOV), rolled out last week its food production factory, Arab Ready
Meals LLC (ARM), at the KADDB Industrial Park in the Dhail special free
zone in Jordan.

The factory, which was built at a cost of US$45
million, will supply 500,000 24-hour ration packs annually to the Royal
Jordanian Army.






ARM is a 50:50 joint venture between BOV and King Abdullah II Design and Development Bureau, Jordan's defence think tank.
BOV is a specialist in developing and packing ready-to-eat meals based on Middle Eastern cuisine.

The project was initiated four years ago when King Abdullah visited
Malaysia to discuss the possibility of a Malaysian company producing
halal ration packs for the United Nations peacekeeping forces and the
regional military.

Ibrahim, who is also the chairman of BOV,
said the factory, the first of its kind in the region, will serve as
Brahim's hub for the lucrative Middle East market.

"We expect our presence in Jordan to be the launchpad for further military food deals in the Middle East.

"Our military food packs represent a technology change from the
traditional tin cans, which are heavy and bulky," he told Business
Times in an interview this week.

He added that exporting
technology and know-how, particularly in halal food production, is
Brahim's strength. "This project marks the successful collaboration
between two Muslim nations."

Brahim's, famous for its ready-to-use cooking sauces and meat dishes, is also looking at ways to increase its earnings.

By year-end, the group is hoping to wipe out the RM170 million
accumulated losses incurred by MAS Catering Sdn Bhd, which it bought in
2003.

It recently bought over LSG Asia's 49 per cent stake in
the world's largest halal flight kitchen at the Kuala Lumpur
International Airport in Sepang.

With the conclusion of the deal, it expects a quantum leap in net profit and revenue in the current year.

Brahim's is also looking forward to serving airlines at klia2 with
its new range of Asian and international cuisine when the new low-cost
terminal starts operations in June, Ibrahim said.
hlk
hlk
Moderator
Moderator

Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum