MYOR – New factories to support 2024 performance

MYOR – New factories to support 2024 performance Mayora Indah (MYOR) is optimistic about its performance this year, supported by regional achievements, particularly through Kopiko Philippines Corporation (KPC), which dominates nearly 50% of the candy market in the Philippines. This achievement is a result of robust sales, both domestically and internationally. MYOR plans to continue its successful strategies, emphasizing ongoing promotions through television (local and K-dramas) and digital channels. Furthermore, MYOR is actively expanding its business operations by completing the construction of two new factories, located in Balaraja, Banten, and Purwosari, Central Java. This strategic expansion involves a total investment of IDR3.7 tn. The targeted operational date for these factories is within the current year, with expectations of a 30% increase in the production capacity of biscuits and wafers. (Source: Kontan)