Food holding company Commonwealth Capital has opened a SGD70m (US$49m) integrated food production facility in Singapore.
The 300,000 square foot site brings food production and services under one roof. Facilities include a halal-certified manufacturing plant as well as cold chain. The site also has warehousing provisions.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company said it would boost its capacity for the production of in-house brands and industrial customers.
Commonwealth Capital operates local food production businesses including meat processor Zac Foods and bakery brand Swissbake. It supplies food manufacturers and foodservice companies in Asia, while also running 151 foodservice outlets under banners such as PastaMania and The Soup Spoon in 12 countries regionally.
Speaking at the opening ceremony this week, managing director Andrew Kwan suggested Commonwealth Capital is targeting increased export revenue, with a goal of growing overseas sales to 50% of group revenue.
Kwan also stressed Commonwealth Capital’s brands are focused on developing healthy and convenient products.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
