Eonmetall plans to invest RM100mil in steel racking and M&E ops


ThyssenKrupp AG's steel plant in Duisburg, Germany. Bloomberg

GEORGETOWN: Eonmetall Group Bhd is investing more than RM100mil this year and 2019 in its steel racking and machinery and equipment (M&E) business.

Group managing director Yeoh Cheng Chye said about 70% of the budget would go into the construction of 10 palm oil solvent extraction plants for a government-linked company in the plantation business.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Eonmetall

Next In Business News

Sarawak Cable set to be delisted by next week
Mah Sing’s RM250mil sukuk done
Ringgit closes higher against the US dollar
MUI Properties in preference shares deal
Enproserve Group’s IPO oversubscribed by 0.43 times
Atlan sees lower profit, revenue for 1Q
US weekly jobless claims fall unexpectedly in latest week
MUI Properties invests RM5.75mil in CRNCPS London Vista Hotel Ltd
Sarawak Cable to be delisted on July 15
OCBC Bank wins green financing awards at ABF 2025

Others Also Read