malaysiang
KUALA LUMPUR, PPB Group Bhd has allocated RM787 million for capital expenditure (capex) over the next five years.
Managing director Lim Soon Huat said this includes RM392 million for investments in flour mills in China and the construction of a silo and maize facility in Malaysia, as well as RM296 million for seven new cinemas in Malaysia and the upgrading of existing cinemas.
Meanwhile, RM67 million is allocated for system upgrades and automation for the consumer products division and RM32 million for the refurbishment of Cheras Leisure Mall, he said after a briefing with the press and analysts here today.
Lim said the diversified conglomerate will focus on enhancing supply chain management and operational efficiency to mitigate the impact of potential disruptions caused by climate change, geopolitical conflicts, and economic and financial market volatility.
‘Volatility in the grains market is one of the business challenges that we face but the question is how well we manage price fluctuations.
‘It is
likely that we are going to see more market volatility. We cannot predict geopolitical developments,’ he said.
Lim said challenges such as the Russia-Ukraine war have strengthened the group’s ability to manage sourcing and supply chains, as well as leverage its technical expertise in product formulation.
Source: BERNAMA News Agency
