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South Korea's SPC Group to invest RM130mil in halal bakery hub in Johor
22 Jun 2022 | Wednesday Source: New Straits Times
South Korean food and beverage giant SPC Group is investing RM130 million in a halal-certified bakery manufacturing and distribution centre in Johor to get into the US$2 trillion halal food market.
"We plan to establish a global halal factory in Malaysia and enter the global halal food market worth US$2 trillion," said its chief executive officer (CEO) Huh Jin-soo.
The construction of the SPC centre, located at Nusajaya Tech Park, will begin in the third quarter of this year, and the facility is slated to be operational in June 2023.
The SPC centre will produce over 100 food items, such as bread, cake and dessert for the Paris Baguette shops in Southeast Asia, which include Singapore, Indonesia, Vietnam, Cambodia, and Malaysia.
