Nestle cuts capex, to focus on new plant

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.