KUALA LUMPUR: Nestle (Malaysia) Bhd, which posted a net profit of RM186.31mil in the first quarter ended March 31, has allocated the highest capital expenditure in six years of RM280mil in 2020 to support the future production capacity of Maggi noodles, product innovation as well as adding a new high technology production line in Shah Alam.
On upgrading its manufacturing capabilities for the Maggi noodles plant, Nestle Malaysia chief executive officer Juan Aranols(pic) said the group foresees continued growth in the Maggi noodles category, and as such is looking to increase its current factory capacity for the next ten years.
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