Texchem to pour RM44mil into expansion

Group executive chairman Tan Sri Fumihiko Konishi told StarBiz that in 2021, the polymer engineering, industrial and food divisions contributed positively to the group’s profits, negating the restaurant division’s loss-making impact that resulted from the nationwide lockdown.(Filepic)

George Town: Texchem Resources Bhd is investing RM44mil to expand and improve its business operations this year and will ride on the growth prospects of its hard disk drive (HDD), medical device and restaurant businesses.

Group executive chairman Tan Sri Fumihiko Konishi told StarBiz that in 2021, the polymer engineering, industrial and food divisions contributed positively to the group’s profits, negating the restaurant division’s loss-making impact that resulted from the nationwide lockdown.