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亚马逊云账号(www.2km.me)_Ta Win buys land and factory buildings in Port Klang for RM35mil

admin2021-11-1323

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KUALA LUMPUR (Bernama) -- Ta Win Holdings Bhd’s wholly-owned subsidiary, Ta Win Innotech Sdn Bhd, has entered into a conditional sale and purchase agreement with BRB Properties Sdn Bhd to acquire a leasehold industrial land in West Port, Port Klang, Selangor together with factory buildings on the land for a total cash consideration of RM35 million.

Ta Win said with a land area totalling approximately 1.61 hectares and a total built-up area of 1.393 hectares, the proposed acquisition would enable the company to triple its total production capacity over the medium to long term, catering for the expected long-term demand growth for copper rods and wires.

"The land is also strategically located in close proximity to the port, allowing for greater logistical efficiencies and cost optimisation,” the integrated manufacturer of copper products said.

It said this followed Ta Win’s recent signing of an exclusive supply contract with South Korean-based company, POSCO International Corporation, which would see the company exclusively supplying approximately 65,000 metric tons of copper products to the copper foil manufacturers in Korea, including their overseas production plants through POSCO International for a three-year period from Jan 1, 2022.

Ta Win said it is expected to generate an aggregated revenue of RM2.6 billion based on the London Metal Exchange (LME) copper price of US$9,440 per metric tonne (US$1=RM4.15 as of October 28).

Group managing director Datuk Seri Ngu Tieng Ung said the global push for decarbonisation and clean energy that spurred robust demand growth in the electric vehicle segment is expected to translate into heightened demand for copper.

"To cater to this increasing demand, Ta Win plans to set up three electron beam irradiation plants in Malaysia within the next three years to supply irradiated cross-linked wire and cable products utilising the patented electron beam cross-linked technology, with the first plant to be built in our existing manufacturing facility in Melaka,” he said.

He said following this, the company has decided to relocate the manufacturing of its copper rods and wires business from its existing premises to the newly acquired land and factory in Port Klang.

"This will allow us to fully utilise the capacity of our Melaka facilities for the expansion of the signal and power solution business, entailing manufacturing of power and signal distribution systems, high tension cable, battery cable and other automotive components and parts for automobile and electric vehicles,” he added.


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