Malaysia’s Metrod Holdings To Invest Over MYR1.1 Billion In Selangor Copper Pant

© Nikkei Markets

KUALA LUMPUR (Feb 25) — Malaysia’s Metrod Holdings will invest over 1.1 billion ringgit ($270.24 million) in a new copper manufacturing plant in Selangor, its president said Monday. 

“The new plant will raise copper rod output capacity to over 300,000 metric tons per year,” Rajan Mittal said at the launch of the new facility. 

The copper rod manufacturer expects its total sales to double in the next three years with the launch of the new plant, he added. The unaudited total sales value for 2018 is about 2.5 billion ringgit, he said.

“I’m confident we’ll be able to double our sales in the next three years,” he said. 

– By Gan Pei Ling
– Edited by Sayantika Bhowal