Sand Nisko Capital allotted RM50mil capex for enterprise progress plan

KUALA LUMPUR: Sand Nisko Capital Bhd (SNC) is allocating as much as RM50 million for capital expenditure (CAPEX), which incorporates investments into new or upgrading equipment.

In an announcement right now, the wooden furnishings maker mentioned additionally it is seeking to create various earnings streams by potential mergers and acquisitions (M&As) of environmentally pleasant companies concerned in bio fertilizer and refined-oil merchandise.

“Bio fertilizer offers higher effectivity and output for timber, whereas refined oil is a recycled oil product that’s reproduced as a lubricant and additive oil and biodiesel for the automotive trade,” the group mentioned.

Govt director Lee Ping Wei mentioned SNC has focused corporations with huge expertise and a powerful observe file on this space, permitting the group to achieve fast publicity in an trade with a excessive entry barrier.

“We like environmentally pleasant companies resulting from their constructive influence on the atmosphere and

preserves pure sources. The potential M&As on this house are additionally in keeping with our sustainability

mission — forestall bodily waste, enhance useful resource productiveness, enhance profitability and improve competitiveness.

“The corporate additionally has equipment in place for each the bio fertilizer and refined-oil enterprise. So, as an alternative of investing within the information and constructing our personal capability, these M&As may put SNC on a quick observe to broaden,” he mentioned.

Other than that, Lee mentioned the penetration into these companies will goal a brand new buyer base for the

the group, because the bio fertilizer sector targets each plantation corporations and authorities companies.

Equally, the refined-oil enterprise will meet the demand within the automotive trade, he mentioned.

“We are going to discover new gross sales channels and prospects underneath the brand new growth. Among the many goal

prospects embody plantation corporations, each non-public and authorities companies, and people within the automotive trade.

“Primarily based on our analysis, biofertilizer is in sturdy demand, particularly amongst plantation corporations and authorities companies on the lookout for larger yields in crops and decreasing the fertilizing value,” he mentioned.

Lee additionally famous that refined oil is appropriate for purchasers who want high quality base oil to be reproduced into ultimate merchandise,” he mentioned. – Bernama


Source link

Leave a Comment