SCGM to in­vest in new fac­to­ries

New Straits Times - - Business -

Ther­mo­form food pack­ag­ing maker SCGM Bhd plans to in­vest up to RM133 mil­l­lion in cap­i­tal ex­pen­di­ture (capex) at its new fac­to­ries in a bid to raise its out­put by 88 per cent to

67.6 mil­lion kilo­grammes by the end of fi­nan­cial year April 30 2019. In a fil­ing to Bursa Malaysia, the com­pany said it was look­ing at fac­to­ries in the Klang Val­ley and Jo­hor. Man­ag­ing direc­tor Datuk Seri Lee Hock Chai said the capex was part of its two-year ex­pan­sion as it seeks to ex­pand its mar­ket share in an­tic­i­pa­tion of a strong de­mand in the lo­cal and re­gional mar­kets.

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