Homepage
PR Newswire
23-01-2012, 08:47 AM
For details of the Sarawak smelting plant, please google OM Sarawak or search for detail KLSE announcements released by Cahya Mata Sarawak since Jul 2011.
OMH has been quoted as projecting that the turnover of the plant at full capacity is around US$1bn and an aim to secure orders totalling 60% of plant capacity by 2012.
The Japanese partner (2nd largest steel producer in Japan) has under-written 1/6 of the proposed plant capacity and is looking at taking a 30 - 40% stake in the plant.
The major advantage of the plant lies in the cheap and secured energy costs (hydro electric from the infamous Bakun Dam in Sarawak) that is estimated to be less than half that of existing competitors.
OMH has been quoted as projecting that the turnover of the plant at full capacity is around US$1bn and an aim to secure orders totalling 60% of plant capacity by 2012.
The Japanese partner (2nd largest steel producer in Japan) has under-written 1/6 of the proposed plant capacity and is looking at taking a 30 - 40% stake in the plant.
The major advantage of the plant lies in the cheap and secured energy costs (hydro electric from the infamous Bakun Dam in Sarawak) that is estimated to be less than half that of existing competitors.