VAW aisb news

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 rolling mill
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 35% share.

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 RM104mil.--Bernama

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..

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.

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 250.

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.

Source:-Metal Bulletin Research December 2000
Malaysia’s Aluminium Industries has completed the 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.