Press Metal Aluminium Holdings Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

Press Metal Aluminium Holdings Berhad is a Malaysia-based aluminum company. The Company is principally engaged in the manufacturing and trading of both midstream and downstream aluminum products. The smelting segment is the Company’s core business, which produces the basic aluminum ingot P1020 and the value-added products, such as alloy ingot A356.2, aluminum billets and wire rods. The Company has a production capacity of approximately 1,080,000 tons per annum for the smelting segment. It is also a prominent producer of aluminum extrusion, with a production capacity of approximately 210,000 tons per annum. The Company has two smelting plants operating in the Sarawak Corridor of Renewable Energy economic region where power is predominantly generated from the hydropower plants. Its plant in Bintulu has three phases, with an aggregate capacity of 960,000 tons per annum, while its other plant in Mukah, Sarawak, has a capacity of 120,000 tons per annum.