FUTURE PROSPECTS OF THE GROUP AND INDUSTRY OUTLOOK Sample Clauses

FUTURE PROSPECTS OF THE GROUP AND INDUSTRY OUTLOOK. 4.1 Overview and history of KFM Group KFM was incorporated in 1984 and was principally engaged in the business of flour milling supported by a processing plant in Kuantan, Pahang. The Group’s range of flour products are mainly used in the manufacturing of breads, cakes and pastries including the following:-  wheat flour ranging from low to high protein contents;  other flour products including enriched flour and wholemeal flour; and  specialised flour premixes including cake mix, donut mix, bun mix, bread mix and self-raising flour. A small proportion of its business was in the trading of instant dry yeast and additives for bread making. The KFM Group has a track record of approximately 30 years in the flour milling industry having commenced operations in 1986. It started operations with one milling line with a processing capacity of 250 MT of wheat per day before expanding its capacity to 280 MT of wheat per day in 1989. Subsequently in 1993, the company incorporated a second milling line with a processing capacity of 260 MT of wheat per day. Prior to its PN 17 status, the KFM Group had a combined capacity of 540 MT of wheat per day supported by 10 silos with a combined wheat storage capacity of 42,800 MT. Its customers were mainly in the food manufacturing industry. In 1993, the KFM Group expanded its production facilities to incorporate a small premix facility to produce flour premixes, which commenced operations in the same year. KFM was listed on the Second Board of Kuala Lumpur Stock Exchange (now known as the Main Market of Bursa Securities) on 18 November 1991. To complement its core business in flour milling, KFM Transport Sdn Bhd, a wholly-owned subsidiary of KFM, was incorporated in 1991 and commenced the provision of transportation services with its own fleet of trucks in the same year. This was mainly to deliver and distribute the Group’s flour products to customers in various locations in Peninsular Malaysia. Following an internal restructuring exercise, KFM Transport Sdn Bhd disposed of all of its assets to KFM and it ceased operations in 2008, thereafter the provision of transportation services was assumed by KFM in the same year. In 2016, KFM disposed of all the trucks and ceased the transportation services. In 2000, KFM Marketing Sdn Bhd commenced trading of flour premixes and related products. KFM Marketing Sdn Bhd, a wholly-owned subsidiary of KFM, was incorporated in 1989 to carry out the manufacturing of polypropylene bags. The com...
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Related to FUTURE PROSPECTS OF THE GROUP AND INDUSTRY OUTLOOK

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