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Press Metal Aluminium says fire incident occurred at subsidiary s smelting plant

KUALA LUMPUR (April 5): Press Metal Aluminium Holdings Bhd said today a fire incident occured on Saturday (April 3) at its 80%-owned subsidiary Press Metal Bintulu Sdn Bhd s (PM Bintulu) smelting plant in Sarawak. In a Bursa Malaysia filing today, Press Metal, however, did not specify the cause of the fire, which occurred at 4.30am at PM Bintulu’ plant within the Samalaju Industrial Park in Bintulu. Press Metal said PM Bintulu is principally engaged in the manufacturing of aluminium products. The fire incident occurred at the new Phase 3 operations of the Samalaju Smelter, which is primarily under commissioning; and damaged one smelting pot out of the total of three hundred smelting pots located at the plant. Other existing production facilities at the Samalaju Smelter were not affected and are running as normal. The fire did not cause any harm to any persons,” Press Metal said.

ESG Turns This Metals Stock Into Winner, Batters Top Glove

Publishing date: Apr 01, 2021  •  April 1, 2021  •  2 minute read  •  Article content (Bloomberg) As the world’s biggest glove maker stumbles because of ESG concerns, a metal producer’s focus on environmental, social and governance practices has made it a darling among investors. Press Metal Aluminium Holdings Bhd. surged 18% in the March quarter to become the best performer on Malaysia’s benchmark stock index. The company, whose plants run on hydropower, has rallied amid higher prices of the metal and bets that its products made with a smaller carbon footprint will be in demand. We apologize, but this video has failed to load. Try refreshing your browser, or

FBM KLCI closes at intraday-low of 1,616 73 amid cautious trading

FBM KLCI closes at intraday-low of 1,616 73 amid cautious trading
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

KLCI down in line with regional weakness following Wall Street drop

KLCI down in line with regional weakness following Wall Street drop
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Bursa higher at midday amid better economic prospects

Bursa higher at midday amid better economic prospects
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

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