Perstima down but not out

Perusahaan Sadur Timah Malaysia (Perstima) Bhd which is the market leader in the Malaysian tinplate market, is now facing a gigantic challenge from the onslaught of cheaper imports from China.

The company is the next casualty to come under pressure from cheaper identical imports from the North Asian country similar to what had happened to the steel industry prior to this, before stricter environmental controls by the government in China gave the local steel industry some breathing space.