Worldwide Stainless revives Bahru Stainless with US$95m acquisition

📆 17.12.2024 16:22:00
📰 theSundaily

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PETALING JAYA: Worldwide Stainless Sdn Bhd has revitalised Malaysia’s stainless steel industry with its US$95 million (RM424.4 million) acquisition of...

Worldwide Stainless Sdn Bhd has revitalised Malaysia’s stainless steel industry with its US$95 million acquisition of Bahru Stainless Sdn Bhd.

Worldwide Stainless is implementing a streamlined production process to enhance efficiency and sustainability. This strategy aligns with its goal to make Bahru Stainless a leader in cold-rolled stainless steel manufacturing. The plant has rehired 90% of its retrenched workforce, reinstating skilled professionals with decades of expertise.

“Our dual strategy ensures we contribute to Malaysia’s economy while expanding our footprint internationally,” said Tan. “We’re delivering quality products to meet the demands of diverse industries.”

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