Corporate Financial Reporting

Dutch Lady Milk Industries Berhad is a manufacturer of dairy products in Malaysia. Dutch Lady Malaysia was currently a subsidiary of and owned by Dutch parent company Royal FrieslandCampina, which was formed in December 2008.

History

Dutch Lady Malaysia was first incorporate on 28 May 1963 as a private joint-stock limited company and named as Pacific Milk Industries (Malaya) Sdn Bhd where it was commissioned to produce sweetened condensed milk in our Petaling Jaya factory. The company changed its name to Dutch Baby Milk Industries (Malaya) Berhad in 1975, and again in year 2000 to what it is known now – Dutch Lady Milk Industries Berhad.

Instead of produce sweetened condensed milk, the Company continued to progressively manufacture and introduce new products into the Malaysian market which sterilized milk were locally produced and sold in plastic bottles in 1983, production of chilled milk products started in 1986, and fruit yogurt and growing up milk were introduced into the market in 1988. Dutch Lady Malaysia was the first company in the world to introduce growing up milk products for children up to six years old. More than 50 years have passed and we are still operating from the same production plant in Petaling Jaya, only we have expanded our range of quality and delicious dairy products.

Furthermore, on 24 September 1968 Pacific Milk Industries (Malaya) became the first milk company in Malaysia to be listed on the Stock Exchanges of Kuala Lumpur and Singapore. In 2011, Dutch Lady Malaysia was reported as the market share leader in the growing up milk segment – with the Dutch Lady brand holding 40% of national market share.