KUALA LUMPUR: PPB GROUP BHD [] plans to set up an additional flour mill each in Indonesia and Vietnam soon to boost its contribution from its flour and feed milling division, its MD Tan Gee Sooi said.
He said the group was currently in talks with land owners in Indonesia and Vietnam for the location of the mills, adding that "something concrete" on its new plants should be known by next year.
"Our current mill in Indonesia was set up with a USD35 million capex some years ago," he told a press conference on Thursday, Sept 2.
Tan noted the two additional mills would increase the number of flour mills by PPB Group to nine as it currently has five in Malaysia and one each in Vietnam (51% stake) and Indonesia (100%). The group also has a 43.3% stake in a flour plant operating in Thailand.
He added PPB has a market share of about 42%-44% in Malaysia as compared to its nearest competitor which is estimated to be in mid-20%.
He said the group was currently in talks with land owners in Indonesia and Vietnam for the location of the mills, adding that "something concrete" on its new plants should be known by next year.
"Our current mill in Indonesia was set up with a USD35 million capex some years ago," he told a press conference on Thursday, Sept 2.
Tan noted the two additional mills would increase the number of flour mills by PPB Group to nine as it currently has five in Malaysia and one each in Vietnam (51% stake) and Indonesia (100%). The group also has a 43.3% stake in a flour plant operating in Thailand.
He added PPB has a market share of about 42%-44% in Malaysia as compared to its nearest competitor which is estimated to be in mid-20%.
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