Singapore's Lee Biscuits to end production and shut factory
· Politics · Singapore · Malaysia
Lee Biscuits, the Singapore-based maker of Marie biscuits, will end production and shutter its factory by the end of October, according to The Straits Times. The company is reportedly exiting snack manufacturing to consolidate its assets. The closure marks the end of a longtime local brand's production operations and adds to a wave of food-manufacturing consolidation in the region. Details on the number of workers affected were not immediately available. Lee Biscuits' Marie biscuits are a familiar product in Singapore and neighbouring markets.
Why it matters:The closure of a long-established food manufacturer reflects broader consolidation pressures on traditional brands as costs and competition rise across the region.
Key points
- Production to end and factory to close by end-October
- Company is exiting snack manufacturing to consolidate assets
- Marie biscuits are a familiar product in Singapore and nearby markets
Sources (original reporting)
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