Australia’s Arnott's Group sees annual revenue from Asia touching RM2.5bil in 10 years


From left: The Arnott’s Group (TAG) commercial director MYSG and Asia export Bong Tian Ming, TAG managing director Asia May Lim, TAG chief executive officer George Zoghbi, 7-Eleven Malaysia general manager, merchandising Felicia Wah, 7-Eleven Malaysia category manager, merchandising Rosemary Kok and 7-Eleven Malaysia senior executive, grocery merchandising Ong Yuen Lynn.

PUCHONG: Australia’s The Arnott's Group (TAG), a multinational food manufacturer, expects RM2.5 billion in annual revenue from Asia in 10 years.

TAG said currently, the group’s Asian business contributes a turnover of more than RM1 billion, equivalent to a quarter of the company's total annual turnover.

Chief executive officer George Zoghbi said TAG will participate in the region's expanding ready-to-eat meals market as Kuala Lumpur is the hub of its operations.

"As a Prego brand, we are no stranger to the pasta business. In terms of pasta sauce, we command about 92 per cent of the market share in Malaysia and we are the leading brand in pasta sauce.

"Malaysia provides a great insight towards the Asian market in general, and that is why we run the entire operations here in Kuala Lumpur," he said after launching the Prego Instant Pasta Bowl in the 7-Eleven Cafe in Puchong here today.

As for the product, Zoghbi reckons that the Prego Instant Pasta Bowl is a game-changer in the world of ready-to-eat meals across Asia.

He said the product has unique selling points in terms of taste, convenience and high nutritional value.

The Prego Instant Pasta Bowl comes in two variants, namely Mac and Cheese as well as the Mushroom Carbonara Mac Bowls, and is sold at RM7.50 per pack. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Arnott’s Group , Prego , Asia , pasta , George Zoghbi

   

Next In Business News

ACE-Market bound Swift Energy IPO oversubscribed by 58.09 times
Kim Loong Resources expects lower FFB production for FY25
GPP Resources to sell 51% stake in Gambang Power Plant for RM25.5mil
PUC's 27.53%-owned Pictureworks files for Nasdaq listing
FBM KLCI rises 0.9%, led by TNB in year-end window dressing
Oil prices set for weekly gain on China stimulus optimism
SC reprimands Bybit for operating illegal digital asset exchange
Penang, Johor, Selangor, Sarawak and KL dominates Malaysia's exports in November
Govt to decide on proposed 14% electricity tariff hike by mid-2025
Gold set for weekly rise; eyes on Fed, Trump's 2025 policies

Others Also Read