$328-million ferroalloys plant will be established in Malaysia
as a joint venture between South Africas Assmang Ltd.,
Japans Sumitomo Corp. and Taiwans China Steel
The three companies
signed the deal Oct. 10 to invest in the joint-venture company,
Sakura Ferroalloys Sdn Bhd, in Kuching in the eastern Malaysian
state of Sarawak, China Steel said this week.
The 279.2-acre plant,
to be built in the still developing Samalaju industrial park,
some 37.3 miles north of Bintulu in Sarawak state, will have
the capacity to produce 108,000 tonnes of high-carbon
ferromanganese and silicomanganese annually.
China Steel has an
offtake allocation of about 30,000 tonnes per year from the
project, which is equivalent to 30 percent of its annual raw
The plant is slated to
begin production by the end of 2015, China Steel said.
Assmang holds a
54.36-percent stake in the plant, while Sumitomo owns 26.64
percent and China Steel the remaining 19 percent.
A version of this
article was first published in AMM sister publication Steel