Nestle allots RM200 million capex for 2017

KUALA LUMPUR: Nestle (Malaysia) Bhd has earmarked a higher capital expenditure (capex) of RM200 million this year.
Its CFO Martin Peter Krugel said the capex will be utilised across all product categories and for the refurbishment of its factories and warehouses.
"There is no one big capex investment," he told a press conference after its AGM here today.
Last year, its capex was RM123 million.