Winstar Capital Bhd is accelerating its growth in the renewable energy and aluminium markets by leveraging opportunities from Malaysia’s Large Scale Solar 5 initiative.
“To support this goal, Winstar is ramping up its manufacturing capabilities, with the I03 Factory Block slated to begin operations in second quarter 2025,” he said at a press conference after the company’s listing ceremony today. “These enhancements will enable Winstar to shift from trading to in-house manufacturing, significantly boosting its gross profit margins, which currently average 19%. Our focus is on aligning production capacity with profit growth while strategically targeting small and medium-sized customers. LSS5 offers tremendous potential, and by expanding our aluminium extrusion and solar mounting structure capabilities, we are well-positioned to capitalise on this growing market,” Chua said.
“Winstar’s contribution will focus on providing durable and cost-effective mounting structures, which typically account for 5% of the total project value. By strengthening its manufacturing capabilities, Winstar aims to establish itself as a preferred supplier for LSS5 and other solar infrastructure projects.”
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