Press Metal eyes stake in Indonesian company

Koon: We are still on expansion mode and have the intention to tap into the debt market to fund our growth.Our current net gearing is at a reasonable level.

KUCHING: Press Metal Aluminium Holdings Bhd (PMetal) plans to acquire a 25% stake in PT Bintan Alumina Indonesia (PT BAI),which is currently constructing a one-million tonne alumina refinery plant in Galang Batang, located in the Riau Islands province of Indonesia.

Upon completion, the plant will produce alumina, a raw material required by Pmetal’s smelting operations in Bintulu and Mukah, Sarawak.