Investment of New Factory (Nestle)
The most recent major investment of Nestle Malaysia is the new Sri Muda Factory in Shah Alam, which will come online in the first quarter 2015. Besides, it provides Nestle with greater opportunities in the fast growing area of liquid drinks. If this prophesy are in the proper manner for the Group, and Nestle will fully leverage on this development for both our local and export businesses. By building the new factory in Shah Alam, it will provides job opportunities to nearby residents and certainly, it will also decrease the unemployment rate in Malaysia which means it’s also help to improve or stable the growth of Malaysia economy.
In a challenging year 2015, which given the uncertainties of crude oil prices, the Ringgit currency fall from 3.4MYR equal to 1 US Dollar until it becomes 4.4MYR equal to 1 US Dollar and their impact on the local economy. Due to the implementation of GST in April 2015 will tremendously influence the consumers’ buying behavior and the market demand. In the given circumstances, we will remain cautiously optimistic and continually to leverage on the stable growth of the Malaysian economy. In the meantime, the group will continue remain operative in innovating and renovating its products portfolio with attention to promote the nutritionally balanced diets healthy lifestyles in order to meet the Government’s goal and also creating a healthy society.
Furthermore, we will continue investing in Malaysia for long-term growth. On the other hand, we have been in the country for over 100 years. Obviously, this has always been the strategy that has underpinned our success in this modernized and globalized world to become more and focused. There is probably continuous development programs that used to ensure an organization’s ongoing success.
Accordingly, we believe that Nestle is
not just about the company’s remarkable history, but it is also about accurate
benchmarking in order to gain competitive edge. Correspondingly, it is
important to realize the values that are based on respect for people, respect
for the environment, and respect for the world we live in. Nevertheless, our
aim is to meet customers’ needs with compromising the ability of future
generations to meet their needs which is used to ensure profitable growth year
after year and a high level of returns for our shareholders and the society for
long-term.
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