Cheng Yong Kim News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LION Industries Corp Bhd, controlled by tycoon Tan Sri William Cheng Heng Jem, is banking on a return to hot rolled coil (HRC) manufacturing to turn its fortunes around. The group, one of the country’s oldest steel makers, has been loss-making for the past two financial years amid intense competition and slowing market growth.
Last December, the group announced plans to restart production of HRC in the second quarter of 2021 with a production capacity of 2.5 million to 3 million tonnes a year.
“Our plans to restart the HRC plant is part of the group’s turnaround plans, which we expect to contribute positively to the results,” says a Lion Industries spokesman in an email response to The Edge. ....

Republic Of , Sdn Bhd , Cheng Yong Kim , Johor Baru , Megasteel Sdn Bhd , William Cheng Heng Jem , Movement Control Order , Steel Holdings Bhd , Kenanga Research , Ministry Of International , Alliance Steel , Lion Industries , Labuan To Esteel Enterprise Pte Ltd , Aminvestment Bank , Lion Industries Corp Bhd , Dynamic Horizon Holdings Ltd , Corp Bhd , Tan Sri William Cheng Heng Jem , International Trade , Amsteel Mills Sdn Bhd , Esteel Enterprise Pte Ltd , Lion Industrie , Johor Baru Singapore Rapid Transit System Link , East Coast Rail Link , Pan Borneo Highway , Mass Rapid Transit Line ,