CCM cuts capital expenditure for financial year 2020


CCM

KUALA LUMPUR: Chemical Co of Malaysia Bhd (CCM) has slashed its capital expenditure (capex) by more than 50% for the financial year ending Dec 31,2020 (FY20) to around RM50mil.

This is because as some of its ongoing projects for additional production capacity of chlor-alkali and calcium nitrate has been completed.

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