KUALA LUMPUR: Nestle (Malaysia) Bhd has announced a new cycle of investment in its industrial footprint with a capital expenditure of RM1bil for the 2023 to 2025 period, off the back of a strong set of 2022 earnings as domestic and exports sales continue to pick up.
In a statement, CEO Juan Aranols acknowledged that the volatile economic environment is expected to persist in 2023 due to inflationary pressure.
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