Press Metal unfazed by EU

“The market is concerned after learning that the European Commission has imposed a 38.2% duty each on Press Metal International Ltd and Press Metal International Technology Ltd’s products. We would like to clarify that the current direct impact to our business is minimal, ” the company said in a statement

PETALING JAYA: Press Metal Aluminium Holdings Bhd expects the impact of European Union (EU) duties on its operations to be negligible.

“The market is concerned after learning that the European Commission has imposed a 38.2% duty each on Press Metal International Ltd and Press Metal International Technology Ltd’s products. We would like to clarify that the current direct impact to our business is minimal, ” the company said in a statement.