Monde Nissin, which owns brands including Lucky Me noodles and SkyFlakes crackers, as well as the UK-based meat-free business Quorn, is to spend 1.2bn pesos ($21.3m) on the project.

Monde Nissin’s APAC BFB business comprises three product groups – instant noodles, biscuits and other products. Monde Nissin also expects a more than 25% increase in "core" net income for 2024.

Monde Nissin Corp. said its preliminary financial results indicated that its consolidated core income in 2024 rose by 25 percent year-on-year. Consolidated sales of the maker of Lucky Me! noodles ...

Snack food giant Monde Nissin Corp. is beefing up its capital spending this year to fund the construction of a new plant and the growth of its Asia-Pacific branded food and beverage business.

The impairment would follow similar charges on Monde Nissin’s meat-free arm in 2023 and 2022. An impairment of 10.1bn pesos ($178.2m) was booked for 2023, adding to the 20.5bn pesos in the ...