Our products: (from left) Krugel, Hofbauer and Nestle chairman Tan Sri Syed Anwar Jamalullail showing some of Nestle products.
KUALA LUMPUR: Nestle (M) Bhd
has allocated RM130mil in capital expenditure this year for product innovation and extension of capacities and automation in its plants.
Managing director Alois Hofbauer said amid the soft consumer sentiment, innovation and renovation remained its focus while it continued to increase efficiency and ensure cost control and cost optimatisation measures were in place to see better growth.
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