KUALA LUMPUR: Sand Nisko Capital Bhd
(SNC) is allocating up to RM50 million for capital expenditure (CAPEX), which includes investments into new or upgrading machinery.
In a statement today, the wood furniture maker said it is also looking to create alternative income streams through potential mergers and acquisitions (M&As) of environmentally friendly businesses involved in bio fertiliser and refined-oil products.
"Bio fertiliser provides better efficiency and output for trees, while refined oil is a recycled oil product that is reproduced as a lubricant and additive oil and biodiesel for the automotive industry,” the group said.
Executive director Lee Ping Wei said SNC has targeted companies with vast experience and a strong track record in this area, allowing the group to gain immediate exposure in an industry with a high entry barrier.
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