Masteel to invest RM300m to expand plant

Written by The Edge Financial Daily

Tuesday, 09 February 2010 13:25

KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) plans to invest RM300 million in a downstream expansion project near its existing meltshop in Klang.

Masteel said on Tuesday, Feb 9 the project was to meet the demand of the growing local and export markets. The expansion would be ready in two years and financed from its own funds and borrowings.

It said the feedstock would be the company’s billets produced at the meltshop.

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Last Updated on Tuesday, 09 February 2010 14:06

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