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VAW to upgrade Malaysian Al acquisitionMay
Source:-Metal Bulletin Research
Germany’s VAW aluminium has bought a 65% stake in an
aluminium rolling mill in Pasir Gudang, Malaysia, the
company said Thursday. The remaining 35% is owned
by Clovis Pacific. The mill, situated close to Jahore Baru in Malaysia, has a
production capacity of 15,000 tpy and
posted revenues in the region of $31m for
1999. VAW said the mill would be modernized and its
production technology upgraded. The planned investment includes a new two-meter
wide foil rolling mill which would increase the plant’s capacity by 10,000 tpy
by 2003. VAW Aluminium will carry out a series
of upgrades following its acquisition of Malaysian fabricator Aluminium
Industries. The German aluminium company will install a third rolling
mill and upgrade the older of the two existing
lines at the Malaysian plant. The company will also install additional annealing
furnaces, separators and slitters as part of a total 104m ringgit ($27m)
investment pro-gramme scheduled
for completion by 2003. Currently the
Malaysian market accounts for some 30-35% of Aluminium Industries’ sales,
although it is not yet clear whether this ratio is set to change.
VAW aluminium acquires 65% of
GERMAN-BASED aluminium manufacturer, VAW aluminium AG, has aquired a 65%
interest in an aluminium rolling mill owned by Aluminium Industries Sdn Bhd.
Source:-Bernama Friday, May 4, 2001
A member of the VAW executive board responsible for the Rolls Products
Business segment, Dr Karl Heinz Doerner said that the newly acquired company
proposed to operate under the name VAW aluminium industries Sdn Bhd.
VAW planned to modernise and upgrade the production technology as well as the
mill itself, Doerner said in a statement released by Aluminium Industries
yesterday. "With further investment planned, the plant's capacity would be
increased to 25,000 tonnes per year before 2003," Doerner said.
The plant situated in Pasir Gudang, Johor, has a production capacity of
15,000 tonnes per year and a workforce of 250.
Doerner also said that VAW aimed to focus the product mix firmly on high
value-added products and expand production, particularly in the foil sector.
The statement also said that Clovis Pacific Inc remains the co-owner with a
Meanwhile, Aluminium Industries announced that it had the necessary approval
from Malaysian Industrial Development Authority to expand into value added
aluminium rolled products and foil products with an investment outlay of
Note:-VAW aluminium AG ranks as one of the foremost aluminium companies
in Europe. The company generated revenues of €3.7 billion in 2000. VAW employs
a workforce of 16,000 worldwide.
VAW expands Asian business
Acquisition of a rolling mill in Malaysia
Source:-VAW news from VAW website Thursday, May 3, 2001
Bonn, 05/03/2001 - VAW aluminium AG today acquired a 65% interest in an
aluminium rolling mill in Pasir Gudang, Malaysia. Clovis Pacific Inc. remains
the co-owner with a 35% share. Dr Dörner, Member of the VAW Executive Board
responsible for the Rolled Products Business Segment, today announced that the
newly acquired company planned to operate under the name of VAW aluminium
industries Sdn. Bhd..
VAW aluminium AG ranks as one of the foremost aluminium companies in
Europe. The company generated revenues of €3.7 billion in 2000. VAW employs a
workforce of 16,000 worldwide.
Giving more details of the acquisition, Dr Dörner said that the plant –
located near Jahore Baru in Malaysia about 40 km from Singapore – has a
production capacity of 15,000 tonnes per year and a workforce of 250. In 1999,
the company posted revenues of around €36 million with production mainly
focussed on sheet, strip and aluminium for heat exchangers for the ASEAN region.
With the purchase of this plant, VAW maintains its upward growth path in Asia.
This acquisition also means that the Group’s Rolled Products Business Segment
will be represented in the Asian market for the first time. For several years,
VAW has been represented there through its Flexible Packaging Business Segment,
which operates production facilities in Thailand, the Philippines, Indonesia and
China, and through its Primary Aluminium Business Segment operating a joint
venture in Japan.
Outlining the way ahead, Dr Dörner said that the acquired rolling mill would
now be modernised and its production technology suitably upgraded. With further
investment planned, e.g. a new 2-metre-wide foil rolling mill, the plant’s
capacity would be increased to 25,000 tpy before 2003. Dr Dörner also stated
that VAW aimed to focus the product mix firmly on high value-added products,
particularly in the foil sector, and realign operations to meet the growing
demand in Asia more rapidly and flexibly.
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German company buys a 65pc stake in
Source:-The News Straits Times
Malaysia Saturday, May 5, 2001
SAT VAW Aluminium AG of Germany has acquired a 65 per cent interest
in Aluminium Industries Sdn Bhd, an aluminium rolling mill in Pasir Gudang.
The move by the Bonn-based company, reputedly among the foremost aluminium
companies in Europe, is aimed at expanding its Asian business.
AISB has received the necessary approval for expansion into value added
aluminium cold rolled products and foil products through an investment outlay
of RM104 million which the company will be undertaking immediately.
Following VAW's acquisition announced on Thursday for an undisclosed sum, the
newly acquired company proposed to operate under the name of VAW aluminium
industries Sdn Bhd.
In a statement faxed to New Straits Times, VAW said the British Virgin
Island-based Clovis Pacific Inc would remain the co-owner of AISB with a 35
per cent stake.
Prior to the acquisition by VAW, Clovis Pacific had a 43 per cent stake in
AISB, Kilang Bumi Aluminium Sdn Bhd 26 per cent, PNB Equity Resources Sdn Bhd
25 per cent, and the rest owned by Marubeni Corp of Japan.
AISB, which was set up in 1985 and began commercial production the following
year, has a production capacity of 15,000 tonnes a year and a workforce of
Its production is mainly focussed on sheet strip and aluminium for heat
exchangers for the Asean region.
AISB is one of the two principal producers of aluminium products in Malaysia,
the other being Aluminium Company of Malaysia (Alcom).
The company said the Pasir Gudang rolling mill would now be modernised and its
production technology upgraded.
AISB managing director R.S. Vatsan, when contacted yesterday, said the company
would now act as the company's regional production activity.
Malaysian firm installs new Al
Source:-Metal Bulletin Research December 2000 installation
of an Achenbach foil mill and has begun to commission the new plant, which is
expected to be in full operation by the end of the first quarter next year.
The company, located in Johor Bahru at the southern tip of peninsular
Malaysia, produces aluminium foil down to 0.006mm thick, targeted at the
pharmaceutical and food packaging industry. A senior company official was
unable to give details on the exact production capacity but noted that output
would be small for the first year, with production will vary depending on the
thickness of the foil. The new foil mill is the final phase of Aluminium
Industries’ three-pronged expansion plan, which also included the
installation of a Pechiney jumbo 3C super caster aimed at increasing rolling
capacity from 17,000 tpy to 30,000 tpy. plant.
Malaysia’s Aluminium Industries has completed the
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