PPB: Capacity Expansion

Robert Kuok's PPB Group plans to expand its flour/feed milling division with another two mills, one in Indonesia and one in Vietnam.

Managing director Tan Gee Sooi said at a press briefing today that the company was in talks with landowners in both countries for the flour mill sites.

He said the company was negotiating for a site in Indonesia with the landowner.

Tan added that the company had identified several locations in Vietnam and started tentative talks but nothing concrete has been decided.

He said the site would likely be located in Northern Vietnam.

The company has five mills in Malaysia.

Tan said future expansion for the division would be abroad.

PPB current has a 51% stake in two 500-tonne capacity mills in Indonesia.

PPB Group Bhd also indicated plans to diversify into the bakery business and expand its land bank and cinema operations after selling its sugar refining business, according to a company presentation in Kuala Lumpur today so says  Bloomberg.

So, can you see the picture now?  PPB is going  local and global aw well!