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Press Metal Aluminium Holdings Bhd has proposed to acquire a controlling stake in PMB Technology Bhd for RM465 million. This acquisition will boost Press Metal's ownership from 23.2% to 58.8%, allowing it to strengthen its value chain and expand its downstream business. PMB Technology will become a subsidiary of Press Metal upon completion, aiming for enhanced operational efficiency.
Company Information
Company
Press Metal Aluminium Holdings Bhd
Location
Selangor, Malaysia
About
Press Metal Aluminium Holdings Bhd is the largest aluminium smelter in Southeast Asia. The company specializes in the production and distribution of aluminium products. It has a strong financial performance and is involved in various projects including joint ventures for refinery constructions. Press Metal is focused on maintaining competitiveness through vertical integration and low-cost production strategies.
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ML-powered predictions for Press Metal Aluminium Holdings Bhd's next move
SelangorManufacturingMiningPrecious MetalsMineralManufacturingMiningPrecious Metals