UMW allocates RM607mil for capex


Financial report: (from left) Badrul, group chairman Tan Sri Hamad Kama Piah Othman and group COO Azmin Yusoff at UMW’s post-AGM media briefing.

SHAH ALAM: UMW Holdings Bhd has set aside RM607mil for capital expenditure (capex) this year, which will see upgrading work at its car assembly plant in Shah Alam and the purchase of new heavy machinery to expand its leasing business.

Notably, last year, the group completed the new RM1.87bil Toyota manufacturing plant in Bukit Raja.

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