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Metrod spends RM1.1bil on plant expansion

TheStar Tue, Feb 26, 2019 09:16am - 1 year ago


Prime Minister Tun Dr Mahathir Mohamad at the launch of the cast copper rod plant at Metrod Holdings Berhad in Bukit Raja Prime Industrial Park, Klang. With him (from left) founder of Metrod Apurv Bagri, Chairman of Metrod Datuk Abu Hassan Kendut and President and Chief Executive Officer Metrod Rajan Mittal.

Prime Minister Tun Dr Mahathir Mohamad at the launch of the cast copper rod plant at Metrod Holdings Berhad in Bukit Raja Prime Industrial Park, Klang. With him (from left) founder of Metrod Apurv Bagri, Chairman of Metrod Datuk Abu Hassan Kendut and President and Chief Executive Officer Metrod Rajan Mittal.

KLANG: Metrod Holdings Bhd , a leading copper rod manufacturer, injected RM1.1bil to undertake a 6,300 metres plant expansion, hence emerging as the single largest copper rod plant with a capacity exceeding 300,000 tonnes in South-East Asia.

With the new capacity, Malaysia will be able to consolidate its position as an industry leader in the region.

Metrod manufactures copper rods, wires, strips and profiles, widely used in the production of cables, automotives, magnet wires, welding wires, transformers and in lightning protection systems.

President/chief executive officer Rajan Mittal said the plant was adjacent to its existing manufacturing facility and the RM1.1 billion investment also included capital expenditure and working capital for day-to-day operations, he said in his speech before the launch of the new plant by Prime Minister Tun Dr Mahathir Mohamad at the Bukit Raja Prime Industrial Park here yesterday. “With increased manufacturing capacity, Metrod is in a good position to expand its market portfolio and capitalise on the growing demand for copper, globally.

“We decided to expand our operations in Malaysia over other options in Asia due to this country’s business-friendly environment and the policies of the Malaysian government.

“This project is being launched at a very appropriate time in support of the government’s agenda of adopting and promoting Industry 4.0,” Mittal added. — Bernama

   

Metrod manufactures copper rods, wires, strips and profiles, widely used in the production of cables, automotives, magnet wires, welding wires, transformers and in lightning protection systems.

President/chief executive officer Rajan Mittal said the plant was adjacent to its existing manufacturing facility and the RM1.1 billion investment also included capital expenditure and working capital for day-to-day operations, he said in his speech before the launch of the new plant by Prime Minister Tun Dr Mahathir Mohamad at the Bukit Raja Prime Industrial Park here yesterday. “With increased manufacturing capacity, Metrod is in a good position to expand its market portfolio and capitalise on the growing demand for copper, globally.

“We decided to expand our operations in Malaysia over other options in Asia due to this country’s business-friendly environment and the policies of the Malaysian government.

“This project is being launched at a very appropriate time in support of the government’s agenda of adopting and promoting Industry 4.0,” Mittal added. — Bernama






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