AmInvestment Bank said demand for Maggi products such as instant noodles has already begun to overtake supply, bolstered by strong export sales.
PETALING JAYA: Nestle (M) Bhd
’s capital expenditure (capex) of RM300mil for 2021 is set to be a new high for the food and beverage (F&B) company, as it plans to ramp up its production capabilities to meet export demand.
A significant amount of that capex has been earmarked to increase capacity of its Maggi plant, TA Securities said in a report, adding that the F&B giant will also be looking to improve automation and digitalisation across its manufacturing facilities.
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