Press Metal counts on new smelting plant
Press Metal Aluminium Holdings Bhd is expected to ride on the strong recovery of aluminium prices when its new Phase 3 smelting plant in Samalaju Industrial Park, Bintulu, commence commercial production in two months.
The new smelter will raise the group’s production capacity by 42% to 1.08 million tonnes from 760,000 tonnes per annum.
Press Metal, South-East Asia’s largest integrated aluminium producer, operates aluminium smelting plants in Bintulu and Mukah.
“Our plan to commission the Phase 3 smelter in January 2021 is on track, increasing our capacity by 42% from 760,000 up to 1,080,000 tonnes per annum. This expansion is timely as aluminium price has strengthened by more than 40% over the last few months and we see that the world is looking at further economic recovery in 2021, ” said group chief executive officer Tan Sri Paul Koon (pic) in a statement as the company reported its latest quarterly results.