Bakery feels over the moon after US export deal
Wednesday, 19:43, 08/08/2018
The Asia Bakery and Confectionery Pte. Ent, known as ABC Bakery, has wrapped up export procedures for its first container of moon cakes (60,000 moon cakes) to be shipped to the US to be sold at supermarkets there.
Kao Sieu Luc, general director of ABC Bakery, introduces the new varieties of moon cakes. (Source: VNA)
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At home it makes cakes for 22 five-star hotels and large bakeries with their names and logos, he said.
It would supply at least 2.5 million cakes (500 tonnes) for the Mid-Autumn Festival next month, including new varieties made with imported Singaporean barbecue meat, lotus and chia seeds and dried apricot, lotus seeds and cranberry, and lava-custard filling, he said, adding that the company sold two million last year.
ABC Bakery supplies bread and cakes to major fast food chains and coffee shops, which accounts for 35% of its revenues.
Its pastry exports have increased significantly, with more than 60 containers exported to Japan so far this year, Luc said.
After investing US$4 million in plants in HCM City, the company is building two more in Da Nang and Nha Trang cities, which are expected to be ready by the end of this year, at a cost of about VND50 billion (US$2.14 million), he said.
The company has 35 bakeries and plans to open 40 more next year. Last year, it had revenues of US$20 million.