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Monday, July 30, 2018

Fraser and Neave Limited (F&N)

The company was founded by John Fraser and David Chalmers Neave in 1883. The F&N story begins in 1883, in a registered office in the British colony of Singapore, when two partners in a printing business, John Fraser and David Chalmers Neave, signed their names on a document that brought the Singapore and Straits Aerated Water Company into existence. They established The Singapore and Straits Aerated Water Company to produce carbonated soft drinks.

In 1898 The Singapore and Straits Aerated Water Company went public as Fraser and Neave, Limited. The company had a capital of $350,000, $225,000 in shares and $125,000 in debentures. With 2,000 shares issued, of which 1,500 were offered to the public, the share issue was subscribed three-and-a half times.

In 1931 Fraser and Neave, Limited formed Malayan Breweries Limited in a joint venture with Heineken of Holland. The result of this joint venture was the much-loved and iconic Tiger Beer.

Fraser & Neave Limited secured the franchise of Coca-cola for Singapore and Malaysia in 1936 and they totally reinventing the carbonated beverage industry. In later years, the company acquired the rights to 7-Up, Fanta and Sunkist as well. In 1948, a separate subsidiary Lion Limited was formed to manage Coca-cola.

It was in 1965 Carnation International of Los Angeles joined Beatrice Food and F&N to form a manufacturing company, Premier Milk (Malaya) Sdn Bhd in Kuala Lumpur. The first F&N soft drinks factory in East Malaysia was also opened in Kuching.

In 2015 F&N secured a 22-year licensing agreement with Nestle for the manufacture and distribution of Nestle’s canned milk products in ASEAN.
Fraser and Neave Limited (F&N)

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