KUALA LUMPUR - Dutch Lady Milk Industries Bhd (DLMI) says its halal products remain affordable and accessible to consumers, despite facing unpredictable price movements and supply chain trends, with overall raw material costs spiking up to 15 per cent last year.
Managing director Ramjeet Kaur Virik said as the world recovered from the pandemic last year, market stability was impacted, and the company continued to address challenges posed by disruptions and uncertainties in logistics and supply chain.
"DLMI succeeded in balancing these pressures, which also meant our halal products remain affordable and accessible to our loyal consumers,” she said in a statement following the company’s 60th annual general meeting today.
Moving forward, Ramjeet said DLMI will continue to optimise the company’s costs and cash flow to address the continuous inflationary headwinds as management continues to secure internal financing towards boosting its new world-class manufacturing facility - an Industry 4.0-standard dairy manufacturing hub at Bandar Enstek, Negeri Sembilan - which involved RM540 million worth of investment.
The facility will be commercially operational in 2024.
Ramjeet said the company is optimistic about doing better in the years ahead, as it gears up to serve another generation of Malaysians reinforcing the company’s multi-generational appeal to citizens of all ages since 1963.
According to the dairy manufacturer, with the Malaysian government aiming for a self sufficient level of 100 per cent by 2025 for fresh milk production to reduce imports, DLMI will continue working closely with the Department of Veterinary Services Malaysia to train local dairy farmers to increase volume and quality of fresh milk to achieve the target. - BERNAMA