I led a delegation to Malaysian Steel Works (KL) Berhad, MASTEEL, in Bukit Raja, Klang on 14 April 2010. Also in the delegation to the steel plant was the Secretary General of MITI, Y.Bhg.Tan Sri Abdul Rahman Mamat. On hand to receive us at the factory, was the Managing Director cum Chief Executive officer of MASTEEL, Y.Bhg. Dato’ Seri Tai Hean Leng.
The company which produces billets and steel bars at an annual capacity of 450,000mt, exports its products to ASEAN, Bangladesh and Australia. Currently occupying 20 acres out of 200 acres of land acquired from Perbadanan Kemajuan Negeri Selangor (PKNS), MASTEEL is planning to diversify its production and invest RM300 million in wire rod and wire mesh manufacturing.
While exchanging views on the outlook of the iron and steel industry, I was delighted to note that the conducive domestic business environment has encouraged the company to expand its operations domestically.
Well done, MASTEEL !
Tags: business facilitation, Exports, foreign direct investments, manufacturing