Press Metal in RM2b smelter expansion plan

Group CEO Koon said: "Every year, we (Press Metal) generate more than US$1bil in aluminium exports for the country,

KUCHING: Press Metal Bhd will invest RM2bil in the Phase 3 expansion of its aluminium smelter project to raise production capacity, said group chief executive officer Datuk Paul Koon Poh Keong.

He said the additional capital injection would bring the company’s total investment in aluminium smelting facilities in Sarawak to RM5.5bil.