Hofbauer: 'With this boost to our manufacturing capacity, we are poised to capitalise on a myriad of prospect.'
KUALA LUMPUR: Nestle Malaysia Bhd
has allocated RM207mil for capital expenditure (capex) this year to expand its noodle-making capacity and new product lines.
Last year, it spent a record RM362mil to build a new factory. The cutback came amid anticipation of slower consumer spending this year.
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