FACB unit, French steel giant tie up

FACB Industries Inc Bhd subsidiary Kanzen Tetsu Sdn Bhd has teamed up with French steel giant Arcelor group to set up Asean’s first of its kind stainless steel shearing and slitting facility in Shah Alam, Selangor.  

FACB chairman Datuk Sulaiman Sujak said the newly-formed joint-venture company Kanzen Stainless Processors Sdn Bhd (KSP) had invested RM26.6mil, mainly in machinery and working capital.