MALAYSIA: Dutch Lady Milk confident despite higher raw material prices
Malaysia's Dutch Lady Milk Industries does not plan to hike the price payable for its products despite the considerable increase in its raw material prices. Managing director Ian Martin Gearing said internal cost efficiencies would be initiated to streamline operations rather than passing on the burden of the higher prices to consumers. RM15m (US$3.9m) has been earmarked to improve internal efficiencies. This includes upgrading production facilities. Nevertheless, the raw material price increases might negatively impact group profits.
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