It has allocated RM36mil for its capital expenditure for 2013 to expand its business while continuously looking to add products to its distributorship portfolio.
It had allocated RM20mil for its packaging business, mainly to expand the efficiency of the aerosol can production machineries, while RM16mil had been set aside for its plantation division.
It is exploring the feasibility of developing a parcel of undeveloped land in Sabah into an oil palm plantation.
The trading division was its biggest revenue contributor, providing 65% of the group's total revenue, followed by 22% from its packaging division, 12% from its palm oil refinery and mill and 1% from its other businesses, including plantation division.
Yee Lee's main products include the Red Eagle cooking oil, Vecorn corn oil and SunLico sunflower seed oil. It also has a 32% stake in bottled mineral water producer Spritzer Bhd.
Its wholly owned subsidiary had lost the distributorship for Johnson & Johnson products from Oct 1 2013.
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