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Byline: Zuraimi Abdullah
BOUSTEAD Petroleum Marketing Sdn Bhd (BHPetrol), the petroleum retail unit of Boustead Holdings Bhd, plans to spend RM180 million in capital expenditure (capex) per year to expand its retail station network in the country.
Its managing director Tan Kim Thiam said the company is planning to open over 400 fuel retail stations within the next five years. It currently has 335 stations in the country.
"Our target is to have between 15 and 20 new sites each year. This is in line with our business expansion plans," Tan said during the launch of the new BHPetrol infiniti Diesel in Shah Alam last Tuesday. The average investment cost by …