F&N Targets Bottled Water Growth

Leading Malaysian soft drinks company Fraser & Neave Holdings Bhd (F&N) has opened its second bottled water plant in the country, a MYR12mn (US$3.5mn) facility in Bentong. Supported by the opening, F&N expects to surpass its FY09 5.8% revenue growth target in fiscal 2010, ending September 2010, and better exploit forecast bottled water sales growth of 52% to 2014. Further investment in the bottled water market might also indicate that F&N is preparing for a future without The Coca-Cola Company

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