Texchem invests RM74mil to boost performance

By DAVID TAN

Texchem Resources Bhd executive chairman Tan Sri Fumihiko Konishi.

GEORGE TOWN: Texchem Resources Bhd plans to spend RM74mil for existing and new businesses this year to boost the company’s performance.

The planned investments should position the company on a stronger footing after poor seafood landing caused its food division business to decline in the financial year ended Dec 31, 2016 (FY16).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Texchem , seafood , garoupa , crab , Fumihiko Konishi

Next In Business News
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Stiff competition to reshape auto landscape
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract
Real estate credit hits US$79bil in 4Q
Oxford Innotech wins RM4.8mil data centre job
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls
Glovemakers shift focus as China floods markets

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.