Page 43 - MSM_AR2020

SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

cOMMeRciAL & DOWnstReAM

“As challenges continue
to abound in the domestic
market, MSM focused
on expanding export
opportunities for refined
sugar and the new value 41
added segment offerings
of liquid sugar, fine syrup
and premix to China, the
world largest importer.
The recent production
shortage in Thailand,
the largest exporter to
China, due to drought
has helped ease the MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
penetration of MSM’s
value added offerings
to China, though prices
continue to be dependent Performance 2020 2019 2018
on the movement of Sales Volume (tonnes) 1,024,603 947,290 935,223
white premium sugar and Revenue (RM) 2.2 billion 2.0 billion 2.2 billion
Thailand’s premium for Debt Collection (Days) 38 days 50 days 37 days
liquid sugar.”

Total Sales
(tonnes)
2021 PRIORITIES:
Domestic and export growth through penetration and collaboration
Strategic partnership with major wholesalers to leverage on their
strength and logistic assets
295,578 448,347 458,397 415,602 270,628 83,341 Mitigate single-country export risk by making in-roads and developing
new markets for value added products in Indonesia and Philippines

2020 2019 2020 2019 2020 2019 Further increase MSM Johor’s liquid sugar, fine syrup and premix
capacity to cater for increased export demand
Wholesale Industries Export