Fu-Wang Foods to produce puffed rice

Fu-Wang Foods, one of the leading listed confectionary makers, has announced that it would produce puffed rice, which is called muri in Bangla, and sell it under the name "Fuwang Muri". 

In a disclosure on the Dhaka Stock Exchange (DSE) website yesterday, the company said its board of directors had decided to set up a production line to produce puffed rice/muri.

The product is expected to be available in markets at the end of February this year, said the company.

An estimated Tk 30 lakh will be invested in the project and daily production capacity will be 10 tonnes, it added.

The company's stock price remained the same at Tk 23.50 at the DSE yesterday.

Fu-Wang Foods started commercial operations in the country in 1997. It is into food processing and makes items such as cake, bread, biscuit, toast, snacks, instant noodles, chocolate products and wafer bar.

It also has beverage industry items such as drinking water and carbonated drinks.

The company's paid-up capital is Tk 110 crore.