SPRITZER ALLOCATES LARGEST CAPITAL EXPENDITURE

June 13, 2022

GEORGE TOWN: Bottled water producer Spritzer Bhd is spending RM100mil in 2022 to install a new production line and a water treatment plant, upgrade machinery and settle the balance for a Taiping land it acquired in 2021.

Group chief executive officer Kenny Lim Seng Lee told StarBiz that the capital expenditure is the group’s largest allocation to date.

“The additional line would increase the group’s production capacity to 900 million litres of water per annum from 850 million litres.

“We are also installing a new water treatment plant to replace the existing one. These two projects would cost RM25mil to RM30mil,” he said.

He said the remainder of the allocation is to settle the RM76.1mil balance for the 1,227-acre land it acquired in Bukit Gantang.

“The land is reserved for a future mineral water production facility, which we can see materialising five years from now,” Lim said.

 

 

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