MSC maintains tin shipments on schedule

Malaysia Smelting Corporation, delivery, tin shipments

KUALA LUMPUR: Malaysia Smelting Corporation Bhd has maintained that its delivery of tin shipments to its customers are on schedule as it refuted a wire report about delays.

In a statement issued to Bursa Malaysia on Tuesday it said initial findings indicated delivery of shipments to its customers were on schedule and “our operations are business as usual”.

It was refuted a Reuters article on Monday entitled “Malaysia Smelting Corp delays tin shipments to customers” as not accurate.

Reuters had reported that the company was delaying tin shipments to customers around the world due to a shortage of concentrate.

Tin is a vital ingredient for electronic components for mobile devices, electric vehicles, robotics, renewable energy and energy storage industries.

“We will investigate this matter and will provide an update where necessary. As always, we value our customers and remain committed to them,” MSC said.

MSC Group is one of the world's leading integrated producers of tin metal and tin based products and a global leader in custom tin smelting since 1887. 

MSC is a subsidiary of The Straits Trading Company Ltd of Singapore is listed both on the Main Market of Bursa Malaysia and the Main Board of Singapore Exchange.