Rex Industry to decommission Bukit Minyak factory

KUALA LUMPUR: Rex Industry Bhd expects to recognise a provision for retrenchment costs amounting to about RM2mil and other decommissioning expenses following the closure of its production facility in Bukit Minyak Industrial Park, Seberang Perai Tengah, Pulau Pinang.

In a filing with Bursa Malaysia, the food and beverage manufacturer said it has decided to shutter the 7.7-acre facility as part of a business rationalisation plan.