This 92-Year-Old Malaysian Biscuit Brand Will Close Its Pontian Factory This Month
Lee Biscuits, a historic 92-year-old Malaysian brand, is closing its factory in Pontian as part of a business restructuring. The company, founded by tycoon Tan Sri Lee Kong Chian, has been a staple in the region for nearly a century.
Why it matters
The closure marks the end of an era for a legacy manufacturing brand, highlighting the challenges faced by traditional businesses in modern economic climates.
According to China Press , the company will halt production at its factory in Pontian, Johor, with no plans for future production announced. Suppliers and customers have reportedly been receiving notices about the production halt since last month. The factory is also reportedly in the process of laying off its employees, while the company's official website is currently inaccessible. When contacted by China Press, Pekan Nanas assemblyperson Tan Eng Meng confirmed that he had received news of the factory's impending closure. It is understood that the factory closure is related to the company's decision to restructure its business.
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