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Article: PPB to spend RM300m on expansion activities

Article from:
New Straits Times
Article date:
March 12, 2008
Author:
Copyright

Zaidi Isham Ismail
New Straits Times
03-12-2008
PPB to spend RM300m on expansion activities
Byline: Zaidi Isham Ismail
Edition: Main/Lifestyle
Section: Business Times
Type: Company

CONGLOMERATE PPB Group Bhd, which is controlled by tycoon Tan Sri Robert Kuok, plans to spend almost RM300 million this year in capital expenditure (capex) to expand its sugar, flour and cinema business operations.

PPB chairman Datuk Oh Siew Nam said out of the RM300 million, the group will spend RM104 million on its sugar refining and production facilities, RM150 million on flour operations and RM43 million for new cinema screens.
"Local expansion will be funded by cash, and our overseas operations will be partly ...

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