News Formal

Worldwide Stainless revives Bahru Stainless with US$95m acquisition

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Sunbiz News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NTT Data announces land acquisition for new data center in Johor Bahru, MalaysiaNTT Data has announced its proposed acquisition of a 68.5-acre land parcel in Gelang Patah, Johor Bahru.
Source: DNewsAsia - 🏆 23. / 51 Read more »