Latest news with #MSMJohor
The Star
2 days ago
- Business
- The Star
MSM Malaysia aims to increase export volumes
MSM Malaysia GCEO Syed Feizal Syed Mohammad. KUALA LUMPUR: MSM Malaysia Holdings Bhd is targeting a significant jump in export volumes of value-added products like liquid sugar and premixes from MSM Johor this year. The group aims to ramp up exports to 360,000 tonnes in 2025, up from 240,000 tonnes last year, leveraging enhanced production capacity from its Johor refinery (MSM Sugar Refinery Johor Sdn Bhd) and strategic partnerships, said its group chief executive officer Syed Feizal Syed Mohammad. He added that MSM Malaysia seeks to penetrate deeper into China's high-potential market while consolidating its position in Asean, as part of its strategic move to expand its export footprint. 'We are not venturing into a new market, as China has been an established market. 'But, with increased capacity and better efficiency at our Johor refinery, MSM now has more room to produce additional volumes beyond domestic needs, making it logical to scale up exports,' he said after the company's AGM here yesterday. He said MSM Malaysia is banking on its premium quality sugar and existing ties with China Oil and Foodstuffs Corp, which is one of China's largest state-owned agribusiness (agricultural business) conglomerates and food importer, to expand sales of both refined sugar and value-added products. 'Our wide range of sugar products exports currently comprises about 15% to 20% of MSM Malaysia's overall sales portfolio, while more than 60% of the group's exports are already destined for Asean markets. 'With South Korean companies importing our sugar and China sourcing from players like South Korea, we believe we can compete meaningfully. — Bernama
The Sun
2 days ago
- Business
- The Sun
MSM Malaysia aims to increase export volumes in 2025, going deeper into China, ASEAN
KUALA LUMPUR: MSM Malaysia Holdings Bhd is targeting a significant jump in export volumes of value-added products like liquid sugar and premixes from MSM Johor this year. The group aims to ramp up exports to 360,000 tonnes in 2025, up from 240,000 tonnes last year, leveraging enhanced production capacity from its Johor refinery (MSM Sugar Refinery (Johor) Sdn Bhd) and strategic partnerships, said its group chief executive officer Syed Feizal Syed Mohammad. He said MSM seeks to penetrate deeper into China's high-potential market while consolidating its position in ASEAN, as part of its strategic move to expand its export footprint. 'We are not venturing into a new market, as China has been an established market. 'But, with increased capacity and better efficiency at our Johor refinery, MSM now has more room to produce additional volumes beyond domestic needs, making it logical to scale up exports,' he said after the company's 14th Annual General Meeting here today. He said MSM is banking on its premium quality sugar and existing ties with China Oil and Foodstuffs Corporation (Cofco Group), which is one of China's largest state-owned agribusiness (agricultural business) conglomerates and food importer, to expand sales of both refined sugar and value-added products. 'Our wide range of sugar products exports currently comprises about 15 per cent to 20 per cent of MSM's overall sales portfolio, while more than 60 per cent of the group's exports are already destined for ASEAN markets. 'With Korean companies importing our sugar and China sourcing from players like Korea, we believe we can compete meaningfully. Our products are already proven in regional markets,' he added. Syed Feizal said MSM has undertaken operational improvements to support its export ambition, with the Johor facility recently achieving 50 per cent utilisation over two continuous weeks, while the Perlis refinery is operating at 80 per cent to 85 per cent. 'The group's overall production yield has risen to 94 per cent from just 18 per cent a year ago,' he said.
New Straits Times
2 days ago
- Business
- New Straits Times
MSM eyes boosting exports to China, Asean
KUALA LUMPUR: MSM Malaysia Holdings Bhd (MSM) has set an ambitious target to boost its export volume to 360,000 tonnes in 2025, aiming to strengthen its foothold in key international markets, including China and the Asean region. The growth strategy, which focuses on value-added products such as liquid sugar and premixes from MSM Johor, seeks to enhance MSM's export footprint while mitigating domestic market volatility. MSM group chief executive officer Syed Feizal Syed Mohammad said the target is part of the company's ongoing efforts to deepen its presence in existing markets rather than venturing into new ones. "The 360,000 tonnes is a continuation of our journey in established markets. "Over 60 per cent of our export volumes go to Asean countries, and China offers significant headroom for growth," he said during a press conference after MSM's annual general meeting here today Syed Feizal said China remains a crucial market for MSM, given its scale and potential for growth and they have been leveraging its long-standing relationship with Cofco Group, China's largest food importer, to strengthen its position. "We believe we can compete with other suppliers like South Korea, as our refining costs are lower, and our sugar quality is premium. In fact, even Korean companies import MSM sugar. "In 2024, we did about 240,000 tonnes, which normally represents about 15 to 20 per cent of our sales portfolio. For this year, the target is about 360,000 tonnes," Syed Feizal added.
New Straits Times
22-05-2025
- Business
- New Straits Times
MSM posts 91pct drop in Q1, flags industry headwinds
KUALA LUMPUR: MSM Malaysia Holdings Bhd's net profit dropped 91 per cent to RM3.73 million in the first quarter ended March 31, 2025 (1QFY25) from RM41.71 million a year earlier. The sharp decline was due to lower margins and reduced capacity utilisation, despite a decrease in production costs. Revenue for the quarter also fell 17.3 per cent to RM749.68 million from RM906.6 million previously due to lower sales volume and average selling prices. MSM reported a lower capacity utilisation factor of 47 per cent in the period, compared to 52 per cent last year due to plant shutdown in both refineries but it was mitigated by consistency in efficiency yield. MSM group chief executive officer Syed Feizal Syed Mohammad said the sugar industry is expected to face continued headwinds in 2025, driven by persistently high input costs and volatility in raw sugar prices amid fluctuating global production. He noted that the dumping practices of imported sugar into the country without control have also impacted sales volume and prices. However, he said the matter has been raised by the joint local sugar industry with the government authorities for needed anti-dumping actions. "The joint local sugar industry expects the matter to be resolved in ensuring price stability and food security sustainability. "Meanwhile at the global front, we remain vigilant of escalating geopolitical tensions and the ongoing trade war, both of which pose risks to global supply chains, trade flows and currency stability," Syed Feizal said. He pointed out that the company aims to expand market presence, particularly in China and the Asean region, including Vietnam, Indonesia, Singapore and the Philippines. "Our goal is to increase total export volumes to 360,000 tonnes in 2025, with an emphasis on value added products like liquid sugar and premixes from MSM Johor.
