Dutch Lady increases new facilities investment to RM540mil


KUALA LUMPUR: Dutch Lady Milk Industries Bhd said the estimated total capital investment for the construction of its new manufacturing facilities in Bandar Baru Enstek shall increase to RM540mil from RM340mil between 2021 and 2025.

“The increase is mainly due to the inclusion of additional capital expenditure (capex) items as well as unprecedented inflation which has significantly increased the cost of materials, fuel, and labour,” Dutch Lady said in a filing with Bursa Malaysia.

The dairy group said the construction of the new facilities would be funded through internal funds.

“The board of directors of Dutch Lady, after careful deliberation and having considered all aspects, is of the opinion that the construction of the new facilities is in the best long-term interest of Dutch Lady,” it said.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Dutch Lady , manufacturing , construction , capex

   

Next In Business News

Cushioned from global impact
Bursa likely to trend higher on foreign funds
The Week Ahead: 3Q earnings , PMI, inflation
Caution despite typical year-end stock rally
Effective social protection system vital
News Corp shareholder concerned about Fox merger
What’s in it for me? – A consumer’s perspective on digital banking
Strong demand for gold jewellery from Singapore
Germany’s Brenntag in takeover talks with US rival
Managing your money through uncertainties

Others Also Read