Samalaju Port opening seen as a boost for Press Metal

PETALING JAYA: Aluminium company Press Metal Bhd, with all of its smelters running at optimum levels and the adjacent Samalaju Port expected to be commissioned by July this year, is working to deliver higher earnings amid an improving aluminium market and weakening ringgit.

While already having relatively low production costs, the aluminium extrusion firm can also expect significant logistics cost reductions following the commissioning of the port, according to analysts.