PMB Tech plans to invest RM300mil to double capacity

TheStar Mon, Jul 15, 2019 08:00am - 4 years View Original


KUCHING: PMB Technology Bhd (PMB Tech) is investing about RM300mil in a second phase manufacturing facility to double production capacity of metallic silicon to 72,000 tonnes per annum in Samalaju Industrial Park, Bintulu.

Construction works on the facility had commenced in April after PMB Tech signed a 25-year amended and restated power purchase agreement with Syarikat SESCO Bhd, a unit of Sarawak Energy Bhd, for a total of 104MW of electricity.

The first phase of nominal electrical load of 54MW is expected to be fully-drawn by year-end and the second phase of nominal electrical load of 50MW is expected to be fully drawn by end of next year, according to PMB Tech in a filing with Bursa Malaysia recently.

The second phase, which has achieved about 30% progress in construction work that comprised structural steel foundation a month ago, is expected to be completed and commissioned in fourth quarter of this year.

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