# EPB Group to build new factory for food processing machinery

EPB Group Berhad plans to allocate RM13 million for land acquisition and RM10.5 million for construction of a new factory, corporate office, warehouse and showroom to expand its food processing and packaging machinery production.

- Type: Expansion
- Announced: 2024-07-03
- Where: Malaysia
- Value: $5.00M (23.5M MYR)
- Status: announced
- Products: food processing and packaging machinery
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [EPB Group Berhad](https://endata.com/companies/78412.md)

## Sources

- [klse.i3investor.com](https://klse.i3investor.com/web/blog/detail/mqipo/2024-07-03-story-h-157886223-IPO_EPB_Group_Bhd_Part_1), 2024-07-03: "They intend to allocate RM13.00 million representing approximately 32.43% of the gross proceeds from our Public Issue for the acquisition of land to construct a new factory, corporate office, warehouse and showroom."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.