Agro-based food producer QL Resources Bhd has recently announced to invest around RM400 million in capital expenditure (capex) by 2012, largely to promote the subsisting plant and machinery as well as to develop new plants in Vietnam and Indonesia.

While talking to media, the managing director of the company, Chia Song Kun, said that the spending would be used to further increase its core business sections, namely integrated livestock farming, marine product manufacturing and palm oil activities.

UP till now, the prime contributor to its total revenue is the integrated livestock farming segment at 50.5 percent, followed by marine product manufacturing at 43 per cent and palm oil activities at 6.5 per cent

While talking to media, Mr. Kun said, “All the way, we have been growing through acquisitions and organically, and if there are good investment opportunities, we will always welcome but these must be in line with our business activities.”

In the meantime, the company already owns two CPO mills in Taiwan, Sabah, with a combined yearly manufacturing capacity of 600,000 tonnes.

Further, Kun also told media that the company trusted to continue to record positive results in the coming fiscals as well.