Oriental plans bigger capex

GEORGE TOWN: Oriental Holdings Bhd will spend RM157mil on its plantation business this year compared with RM139.9mil in 2016, covering the cost of new planting and the construction of an office, staff quarters and a palm oil mill.

According to its annual report, the group plans to set up a fourth crude palm oil (CPO) mill, the first in South Sumatra, Indonesia, which will be commissioned by the end of 2018 with a capacity of 60 tonnes per hour.