Dutch Lady supports government initiatives to rebuild the economy

PETALING JAYA  24 July – Dutch Lady Milk Industries Berhad (DLMI) remains confident on the prospects and growth of its business in Malaysia and in the nation’s overall economic recovery in the coming years in the wake of global and local economies impacted by the COVID-19 pandemic this year.

DLMI which has an illustrious 57-year history in Malaysia, and publicly-listed since 1968, held its 57th Annual General Meeting virtually yesterday.

DLMI, for FY2019 ending 31 December 2019, recorded revenue of RM1.07 billion, with net profits of RM102.96 million. This was driven by a 6.2% rise in full year volume (kilograms) growth. As a result, we were able to achieve a 1.7% increase in revenue.

With a very challenging year in 2020 attributed to the unprecedented impact of COVID-19, the world is now impacted by the potential rise of food insecurity which has resulted in many nations and organisations to mount special efforts to keep its agriculture and food industries operating.

In this regard, DLMI lauds the recent announcement by the Ministry of Agriculture and Food Industry to establish a more holistic and sustainable National Food Security Policy to boost security at all levels of the food chain as the country is still import-dependent on most of its food items.

DLMI Managing Director Tarang Gupta (main photo) said that the Company strongly supports the Government’s efforts to build up national food security measures. As preparation to play a greater role in supporting the Government’s food security measures, we are in the process of purchasing lands in Negeri Sembilan for our future manufacturing facility.

“We have plans to expand our manufacturing capabilities with our acquisition of 32.59 acres of industrial land in Bandar Baru Enstek, Negeri Sembilan for RM56.79 million, which we aim to complete this year.”

Tarang said that the new DLMI facilities located in a HALMAS technology park, is expected to be advantageous for the company’s long-term expansion plans in Malaysia as well as for future corporate earnings.

DLMI established the DDP in 2008 and the Farmer2Farmer Programme in 2013, supported by the Embassy of the Kingdom of the Netherlands to develop a sustainable dairy farming business for our Malaysian dairy farmers, further institutionalising DLMI’s “Grass to Glass” holistic concept.

Via these programmes, expert Dutch dairy farmers were specially flown into Malaysia from The Netherlands to transfer skill and knowledge to our local dairy farmers to improve the quality and quantity of local raw milk.

So far, a total of 15 FrieslandCampina Dutch member farmers have trained 466 farmers on farming practices, ensure better milk quality and increase milk yields. By doing so, the Farmer2Farmer Programme was able to improve the productivity and livelihoods of local farmers, as well as the quality and volume of local milk production.

Therefore, DLMI will introduce a new-look Dutch Lady line of innovative and nutritious products aligned with sustainability, brand values and on-going active engagements with the public later this year.

DLMI’s new Dutch Lady line of new and innovative products with the theme of ‘Strong Me, Stronger Us’, also demonstrates Malaysia’s ongoing commitment to fight the COVID-19 pandemic, helping Malaysians thrive and move forward in life with the goodness of milk during these challenging economic and social times. – DagangNews.com