KUALA LUMPUR: MBM RESOURCES BHD [] will invest some RM250 million over the next five years to transform the group into one of the key automotive players in Malaysia and the region.
Its managing director Looi Kok Loon said on Tuesday, June 14 the capital expenditure would primarily be used to expand its manufacturing infrastructure and enhance its nationwide retail and service network.
"The company is also investing in new manufacturing facilities to cater to product line extensions and equip itself with vehicle assembly capabilities," he said after the AGM.
Looi said MBM planned to expand the car parts business and vehicle assembly.
He said the company was actively seeking partners in vehicle assembly.
"The company has already held talks with an international company and hopes to conclude them within the next 12 months for the setting up of vehicle assembly plant in the country," he said.
Looi said the group would enter into joint-ventures with experienced partners to re-develop strategically located assets to maximise their commercial values.- Bernama
Its managing director Looi Kok Loon said on Tuesday, June 14 the capital expenditure would primarily be used to expand its manufacturing infrastructure and enhance its nationwide retail and service network.
"The company is also investing in new manufacturing facilities to cater to product line extensions and equip itself with vehicle assembly capabilities," he said after the AGM.
Looi said MBM planned to expand the car parts business and vehicle assembly.
He said the company was actively seeking partners in vehicle assembly.
"The company has already held talks with an international company and hopes to conclude them within the next 12 months for the setting up of vehicle assembly plant in the country," he said.
Looi said the group would enter into joint-ventures with experienced partners to re-develop strategically located assets to maximise their commercial values.- Bernama
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