Nippon Paint Malaysia Sdn Bhd expects slow growth for the Malaysian construction sector in 2023 as labour supply issues and increased cost of operations stemming from the effects of the Covid-19 pandemic and global economic uncertainty continue to affect profitability.
PETALING JAYA: Nippon Paint Malaysia Sdn Bhd announced its 100% acquisition of CMI Construction Material Industry Sdn Bhd (CMI) and an 85% stake in CMI Marketing Sdn Bhd. (CMIM).