News

UMW Holdings allocates RM607 mln capex for 2019

SHAH ALAM, May 23 (Bernama) -- UMW Holdings Bhd has allocated RM607 million in capital expenditure (capex) for the current financial year.

Group president and chief executive officer Badrul Feisal Abdul Rahim said of the amount, RM174 million is set aside for the automotive sector, equipment sector (RM262 million), manufacturing and engineering sector (RM117 million), other sectors (RM51 million), and UMW development aspect (RM1.6 million).

He said the RM174 million meant for the automotive sector to upgrade the group’s factory in Shah Alam to increase its additional production capacity.

This follows the completion of Toyota’s new complete knocked-down (CKD) assembly plant in Bukit Raja, Klang,  he told a press conference after the group’s annual general meeting here today.

Despite the challenges posed by the US-China trade dispute, Badrul Feisal said the company expects its business to gather momentum this year.

He said UMW Holdings aims to introduce more CKD models, including hybrids and sport utility vehicles in the local market in the future,

Following the launch of facelifted Toyota Vios and Toyota Yaris early this year, Badrul Feisal said UMW Holdings was confident in setting high sales targets for its vehicles even though Bank Negara Malaysia lowered its Overnight Policy Rate (OPR) to 25 basis points early last month.

The group is targeting to sell 75,000 Toyota vehicles and 231,000 Perodua vehicles this year, he said, adding that, “We are looking forward to UMW achieving this year's high sales targets based on the sales of 2,000 new Toyota Vios and 800 to 900 new Toyota Yaris within a month since their launch," he said.

-- BERNAMA

    Other News

Sarawak Lepasi Sasaran Kapasiti Gabungan Tenaga Boleh Baharu Tahun Ini - Abang Johari

Oleh Nur Ashikin Abdul Aziz

SINGAPURA, 21 Okt (Bernama) -- Sarawak mencapai 62 peratus sasaran campuran kapasiti tenaga boleh baharu (TBB) tahun ini, melepasi sasaran 60 peratus yang digariskan dalam Strategi Pembangunan Pasca COVID-19 (PCDS) 2030.

Sarawak Pacu Pertumbuhan Tenaga Boleh Diperbaharui Untuk Manfaat ASEAN - Premier

SINGAPURA, 21 Okt (Bernama) -- Sarawak komited menyokong peralihan tenaga boleh diperbaharui di Asia Tenggara dengan memanfaatkan potensinya sebagai "Bateri ASEAN," yang akan membekalkan tenaga bersih menerusi sambungan Grid Kuasa Borneo dan ASEAN.             

Belanjawan 2025 Percepat Peralihan Kepada Tenaga Bersih - Solarvest

KUALA LUMPUR, 19 Okt (Bernama) -- Belanjawan 2025 merupakan satu langkah ke arah mempercepat peralihan kepada tenaga bersih di Malaysia, kata Solarvest Holdings Bhd.