What Malayan Flour Mills Berhad does

Malayan Flour Mills Berhad (MFM, Bursa Malaysia: MFLOUR, 3662) is a Malaysia-incorporated, publicly listed food and agribusiness group founded in 1961 with its first flour mill inaugurated at Lumut, Perak in 1966. The group operates four core business segments: (1) Flour Milling, running modern mills in Lumut and Pasir Gudang with a combined 2,410 tons/day capacity and milling over 500,000 tons of wheat annually, serving commercial bakeries, noodle manufacturers, biscuit and pastry producers, food service operators and retail consumers via brands such as Cap Rose, Cap Durian, Bunga Cempaka, Peaches, Haru Sakura and industrial SKUs like Golden Statue, Eagle and the Bicycle range; (2) Poultry Integration through the Dindings platform, a full-cycle feed-to-processing operation including 1.8 million broiler day-old-chicks monthly capacity, with Dindings Tyson Sdn Bhd formed in 2021 as a joint venture with Tyson Foods; (3) Aqua Business via Dindings Soya & Multifeeds Sdn Bhd, producing extruded aqua feeds (freshwater fish, freshwater shrimp, marine shrimp) for commercial aquaculture; and (4) Raw Material Trading via Premier Grain Sdn Bhd, a joint venture with Toyota Tsusho Corporation established in 2010 that trades roughly 1 million metric tons of corn, soybean and soybean meal annually across South America, the US, Europe and Asia. Revenue is generated through physical product sales (one-time transactions) at commercial and consumer price points; no subscription or licensing model exists. International operations include Vimaflour Ltd (70%-owned, Northern Vietnam, since 1998), Mekong Flour Mills Ltd (wholly owned, Southern Vietnam, since 2003), and PT Bungasari Flour Mills Indonesia (joint venture, since 2011, with mills in Cilegon, Medan and Makassar). The group is JAKIM halal-certified with FSSC 22000, HACCP, ISO 22000:2018 and GMP compliance, and is a constituent of the FTSE4Good Bursa Malaysia Index and FTSE4Good Bursa Malaysia Shariah Index. FY2025 group revenue was RM 3.24 billion with profit before tax of RM 201 million.

Name

Malayan Flour Mills Berhad

Legal name

Malayan Flour Mills Berhad

Website

https://mfm.com.my

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Malayan Flour Mills Berhad is a Malaysia-listed (MFLOUR) flour milling, poultry integration, aqua feed and grain trading group operating in Malaysia, Vietnam and Indonesia, serving commercial food manufacturers, aquaculture farmers and retail consumers under brands including Cap Rose and Haru Sakura.

Ownership category

akta.pro rank

Product category

Flour Milling & Food Manufacturing

NAICS

Grain and Oilseed Milling (3112), Poultry Processing (311615), Poultry and Poultry Product Merchant Wholesalers (42444), Poultry and Egg Production (1123)

SIC

Grain Mill Products (2040), Poultry Slaughtering And Processing (2015), Wholesale-Farm Product Raw Materials (5150), Food And Kindred Products (2000)

akta.pro primary industry

Flour & Milling Products Manufacturing (wheat, corn, rice, specialty flours) (AFAKABAD)

akta.pro secondary industries

Livestock Complete Feed Milling & Blending (Cattle/Swine/Poultry) (AFADAIAA), Grain Processing for Feed (Cracking, Rolling, Grinding) (AFADAIAF), Poultry Wholesale (Whole Birds, Parts) (AFAIADAC), Grain-Based Mixes & Doughs Manufacturing (pancake/waffle mixes, baking mixes, dough bases) (AFAKABAF)

Keywords

• Wheat flour milling
• Commercial flour supply
• Poultry processing
• Aqua feed production
• Grain commodity trading

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Flour Milling: Manufacturing and sale of wheat flour products including high protein, medium protein, low protein flour, self-raising flour, and specialty wheat flour. Products sold to commercial bakeries, noodle manufacturers, food service companies and retail consumers.
2. Poultry Integration: Full-cycle poultry operations including feed production, breeding and sale of day-old chicks, broiler farming, processing and sale of poultry products through Dindings Tyson partnership.
3. Aqua Feed Production: Production and sale of aqua feeds for freshwater fish, freshwater prawn, marine shrimp and marine fish through Dindings Soya & Multifeeds Sdn Berhad.
4. Raw Material Trading: Sourcing and trading of grain commodities (Corn, Soybean, Soybean Meal) for animal feed production through Premier Grain Sdn Bhd joint venture.
5. Regional Flour Operations: Flour milling operations in Vietnam (Vimaflour Ltd, Mekong Flour Mills Ltd) and Indonesia (PT Bungasari Flour Mills).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Malayan Flour Mills Berhad manufactures and sells wheat flour products (commercial and consumer grades), aqua feeds, and integrated poultry products. The company operates four core business segments: Flour Milling (2,410 tons/day combined capacity at Lumut and Pasir Gudang), Poultry Integration (full-cycle operations with Tyson Foods partnership), Aqua Business (aqua feeds via Dindings Soya & Multifeeds), and Raw Material Trading (grain commodities via Premier Grain joint venture with Toyota Tsusho).

Product overview

Malayan Flour Mills Berhad operates as a diversified food manufacturing enterprise with four core business segments: (1) Flour Milling - operating modern mills in Lumut and Pasir Gudang with combined capacity of 2,410 tons/day, producing commercial flours (high, medium, and low protein wheat flour, self-raising flour, specialty flours) and consumer flours under brands including Cap Rose, Bunga Cempaka, Cap Durian, Peaches, and Haru Sakura; (2) Aqua Business - Dindings Soya & Multifeeds Sdn Bhd produces aquatic feeds for freshwater fish, shrimp, and marine fish; (3) Poultry Integration - full-cycle poultry operations with Tyson Foods partnership covering breeding, broiler farming, and processing; (4) Raw Material Trading - Premier Grain Sdn Bhd joint venture with Toyota Tsusho for grain commodity trading. The company also has international operations in Vietnam and Indonesia.

Differentiator

Problem solved

Functional benefit

Brands

• Cap Rose: Consumer flour brand - All-Purpose Wheat Flour, Halal certified with ash content 0.60% (max) and protein 9.3%-10.5%.
• Cap Durian
• Bunga Cempaka
• Haru Sakura
• Peaches
• MFLOUR
• Dindings
• Premier Grain

Products and services

• Flour Milling Operations Flour milling operations with modern mills in Lumut and Pasir Gudang with combined capacity of 2,410 tons/day, supplying premium wheat flours to commercial and consumer markets. Over 500,000 tons of wheat milled annually.
• High Protein Wheat Flour (Commercial) Strong flour with 11-13.5% protein content for bread making, including Haru Sakura (Japanese style), Golden Statue, Diamond, NB Special, Love Birds, SPN, and Eagle Brand variants. Standard commercial packing is 25kg bags. Targeted at commercial bakeries and bread manufacturers.
• Medium Protein Wheat Flour (Commercial) Versatile flour with 9.5-10.5% protein for noodles, steamed buns, pastries, including Pink Sakura, Green Bicycle, Red Bicycle, Blue Bicycle, Roti Canai, Red Roses, and Blue Roses variants. Targeted at noodle manufacturers and food service companies.
• Low Protein Wheat Flour (Commercial) Soft flour for cakes and biscuits, including Yellow Roses (chlorinated) and SP III varieties. Targeted at pastry and biscuit manufacturers.
• Self-Raising Flour (Commercial) Pre-mixed flour with leavening agents for baking cakes, including Peaches Self Raising. Targeted at commercial baking operations.
• Specialty Wheat Flour (Commercial) Specialty flours including 100% Wholemeal Wheat Flour, Dove High Ratio Wheat Flour, Blue Flying Wheel Semolina, and Red Flying Wheel Chakki Atta. Targeted at specialty food manufacturers.
• Cap Rose All-Purpose Wheat Flour (Consumer) Halal certified all-purpose wheat flour with 0.60% ash max and 9.3-10.5% protein, suitable for cakes, biscuits, pastries, Naan, and Roti Canai. Distributed through retail stores to household consumers.
• Bunga Cempaka Fortified Wheat Flour (Consumer) Halal certified all-purpose wheat flour with 0.60% ash max and 9.3-10.3% protein, enriched with vitamins, folic acid and iron. Distributed through retail stores to household consumers.
• Cap Durian All-Purpose Wheat Flour (Consumer) Halal certified all-purpose wheat flour with 0.70% ash max and 8-9.5% protein, enriched with vitamins, folic acid and iron. Distributed through retail stores to household consumers.
• Peaches Self-Raising Wheat Flour (Consumer) Halal certified self-raising flour with 8.3-9.5% protein, pre-mixed with chemical leavening agents, enriched with vitamins and iron. Recommended for cakes, biscuits, pastries, and deep-fry batter.
• Haru Sakura Artisan Bread Wheat Flour (Consumer) Premium low ash (0.35-0.40%) Halal-certified Japanese bread flour with 12.2-13.0% protein, unbleached with high gluten content for Japanese/Taiwanese style sweet buns and artisan bread.
• Dindings Soya & Multifeeds Aqua Feeds Aqua feed products including freshwater fish feeds (910, 920, 980, 988, 790, 590 series), freshwater shrimp feed (220 series), and marine shrimp feed (860 series) produced by Dindings Soya & Multifeeds Sdn Bhd using latest milling and extrusion technology. Targeted at commercial fish and shrimp farmers.
• Premier Grain Sdn Bhd - Raw Material Trading Joint venture with Toyota Tsusho Corporation for sourcing and trading of grain commodities including Corn, Soybean, and Soybean Meal for animal feed production, with yearly trading volume of about 1 million metric tons. Premier Grain has grown to become one of the largest importers of feed grain in Malaysia.
• Dindings Poultry Integration Full-cycle poultry operations including feed production, breeding and sale of day-old chicks, broiler farming, and poultry processing through Dindings Tyson Sdn Bhd strategic partnership with Tyson Foods. Production capacity of 1.8 million broiler day-old-chicks monthly.

Quantifiable outcome

• Combined flour milling capacity of 2,410 tons/day at Malaysian plants
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Tyson Foods, Inc.coreStrategic or Co-development Partner · 1 January 2021Strategic partnership with Tyson Foods, Fortune 100 company and one of the world's largest food companies, to form Dindings Tyson Sdn Bhd for vertical integrated poultry business in Malaysia. The partnership combines MFM's local expertise and infrastructure with Tyson's global poultry processing standards and technology.
• PT Bungasari Flour Mills IndonesiacoreStrategic or Co-development Partner · 1 January 2011Tri-partite joint venture for flour milling in Indonesia. First flour mill in Cilegon, West Java commenced operations in 2014, followed by mills in Medan and Makassar in 2020. The partnership enables MFM to expand flour milling operations into the Indonesian market.
• Toyota Tsusho Corporation (TTC) and Toyota Tsusho Asia Pacific Pte Ltd (TTAP)coreStrategic or Co-development Partner · 29 January 2010Joint venture company Premier Grain Sdn Bhd established for trading of raw materials for animal feeds including corn, soybean, and soybean meal. The partnership leverages TTC's global supply network and MFMB's customer relationships in Malaysia. Premier Grain has grown to become one of the largest importers of feed grain in Malaysia with trading volume of about 1 million metric tons annually.
• Vietnam State-Owned Enterprise (for Vimaflour Ltd)minorStrategic or Co-development PartnerJoint venture with Vietnam State-Owned Enterprise for Vimaflour Ltd (70% owned) situated at Cai Lan Port in northern Vietnam (near Ha Long Bay). The partnership enabled MFM's expansion into the Vietnamese flour milling market in 1998.
• University of ArkansasminorOthersCollaboration with University of Arkansas for education and training programs. Part of MFM's Flour Miller Development Programme where engineers receive off-site training at Kansas State University in the USA.
• Kansas State UniversityminorOthersCollaboration with Kansas State University for feed miller and flour miller training programs. MFM sends engineers for off-site technical training as part of their development programs.
• Swiss Milling SchoolminorOthersCollaboration with Swiss Milling School for advanced milling training. Part of the Flour Miller Development Programme for career advancement of engineers.
• University Putra Malaysia (UPM)minorOthersMFM collaborates with UPM for various initiatives including sponsorship of awards for high achieving students in Veterinarian Studies and collaboration between UPM and University of Arkansas.
• University Malaya (UM)minorOthersCollaboration with University Malaya including partnership with Kansas State University for academic programs.
• University Tunku Abdul Rahman (UTAR)minorOthersMFM actively collaborates with UTAR on various initiatives and sponsors the UTAR Engineering and Science Fiesta.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Emerging players

• De Heus Animal Nutrition: Dutch-origin animal feed manufacturer with growing aquaculture feed presence across Southeast Asia, including Vietnam and Indonesia. Comparable to MFM's Dindings Soya & Multifeeds in aqua feed product categories and target customer segments (commercial fish and shrimp farmers).

Direct peers

• PT Indofood Sukses Makmur (Bogasari Flour Mills): Indonesia's largest flour miller through its Bogasari division, operating mills in Jakarta, Surabaya, Medan, and Makassar. Direct competitor in Indonesia where MFM operates through PT Bungasari, and a meaningful competitor across Southeast Asian flour markets.
• FFM Group (Federated Flour Mills): Malaysian flour milling operation of PPB Group (formerly under Golden Hope Plantations). Direct domestic competitor to MFM in commercial and consumer flour, with overlapping brand portfolios, halal-certified mills, and similar bakeries/noodle manufacturer customer base. Comparable scale and market position make it the most directly relevant peer.
• Kuantan Flour Mills (PK Flour Mills): Malaysian flour miller operating in Kuantan, Pahang. Competes with MFM in commercial flour supply to East Coast Malaysian customers including bakeries and noodle makers. Similar product portfolio and halal-certified positioning make it a regional direct peer.
• Interflour Holdings Pte Ltd: Singapore-headquartered flour milling group with major operations across Southeast Asia (Vietnam, Malaysia, Indonesia, Philippines). Most direct regional peer to MFM given overlapping flour mill operations in Vietnam and Indonesia, and shared exposure to ASEAN flour markets.

Broad incumbents

• Charoen Pokphand Foods (CPF): Thai-based integrated food and feed conglomerate with extensive aquaculture feed and poultry operations across Southeast Asia. Direct competitor to MFM in aqua feeds and to Dindings Tyson in poultry integration, though operating at significantly larger scale across multiple Asian markets.
• Archer Daniels Midland (ADM): Global agricultural processor and ingredient supplier with grain milling, animal nutrition, and human nutrition businesses. Competes with MFM at the global wheat sourcing and specialty ingredient level, with much broader product portfolio including oilseeds, corn processing, and flavors.
• Cargill Incorporated: Global agribusiness giant with significant grain milling and animal nutrition operations across Southeast Asia. Competes with MFM in commercial flour supply and aqua feed categories, but as a diversified, much larger player across multiple commodity and ingredient markets rather than a flour specialist.

Others

• Tyson Foods, Inc. MFM's JV partner in Dindings Tyson Sdn Bhd since 2021 and one of the world's largest poultry processors. While not a competitor in Malaysia (they are a partner), Tyson's global poultry processing standards and scale inform the strategic direction of MFM's poultry integration business and represent the technological benchmark MFM's processing arm aspires to.

Regional players

• New Hope Group: China-based agricultural conglomerate with major animal feed operations across Asia. Comparable to MFM in animal feed (especially aqua and poultry feed) but primarily serving Chinese and some Southeast Asian markets. Relevant as an Asian feed industry peer with significant scale advantages in MFM's target customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/channel/UCZK_ksEnXKVg3JD4dIuTZ1w
• Facebookfacebook.com/MFMCapRos
• LinkedInlinkedin.com/company/malayan-flour-mills-berhad/posts/?feedView=all
• Instagraminstagram.com/mfmcaprosflour

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malayan Flour Mills Berhad