Malaysian incestment holding company, Ppb Group Berhad, will invest RM535 in capex over the next 2 years to expand its existing core business.
The announcement was made by PPB Bhd CFO, Leong Choy Ying, at the group's AGM on Wednesday.
The bulk of the capex will go to its flour and animal feed milling operations as well as its cinema operations.
PPB's animal feed milling business FFM Berhad Group diversified into the manufacturing of animal feed in 1981 at Port Klang with an initial capacity of 36,000 mt of feed per annum.
Marketed under the brand name 'Friendship" and logo of "Five Rings", the feed is available in mash, crumble and pellet form.
Today, the FFM Group owns five feed mills in Malaysia, strategically located in Prai, Pulau Indah, Pasir Gudang, Kota Kinabalu and Kuching with a combined capacity of 1,500 mt per day.