Confectioner and bakery Honey Bun Ltd is on schedule to complete the first phase of plant expansion by March 2017, CEO Michelle Chong said on Monday.
Following board approval of a $90-million spend on a new warehouse and underground water storage tank, these projects will be undertaken for completion in five months.
The warehouse, from the last estimate provided by contractors, will cost $74 million, while the tank will cost $20 million.
“The water storage tank is considered necessary to deal with the occasional water shortages,” Chong explained. “The warehouse will provide additional space for storage of raw materials and finished products which are needed due to the increase in sales.”
Published in the Observer
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