Company invests in new biscuit factory

Update: 12:15PM FMF Foods Ltd board of directors this morning passed a resolution approving investment by its subsidiary Bakery Company of Fiji Ltd, for a new biscuit factory to be located at a new site near Suva.

Company’s managing director Ram Bajekal says the new
factory, which is expected to see an investment of about $40 million, is meant
to augment the group’s biscuit manufacturing capacity and will make biscuits
primarily for the export market..

According to him, the investment is likely to create
approximately 120 direct jobs and an equal number indirectly.

Construction work on the new factory will begin next
month.

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