May 19, 2015

Company announcements: PMETAL

PMETAL - OTHERS PRESS METAL BERHAD ("PMB" or "THE COMPANY") - Fire Incident at Samalaju Smelter

Announcement Type: General Announcement for PLC
Stock Name PMETAL
Date Announced 19 May 2015
Category General Announcement for PLC
Reference Number GA1-19052015-00076

Type Announcement
Subject OTHERS
- Fire Incident at Samalaju Smelter

The Board of Directors of the Company wishes to inform that a fire incident occured on Sunday, 17 May 2015, at the smelting plant belonging to its subsidiary, Press Metal Bintulu Sdn. Bhd. ("PM Bintulu") in Samalaju Industrial Park, Bintulu, Sarawak (“Samalaju Smelter”). At the time of this announcement, the Board of Directors is unable to ascertain the cause of the fire or estimate the full impact and consequences of the incident. The incident did not cause any harm to persons or any known uncontrolled emissions.


The preliminary estimate of the impact on the earnings of the PMB Group is not expected to be substantial and will also be mitigated as it is adequately insured.


The Company's other subsidiary in Sarawak, Press Metal Sarawak Sdn. Bhd., which operates the Mukah smelter remains in full operation and  the construction of the Phase 3 aluminium smelter located next to the Samalaju Smelter with an expected annual production capacity of 320,000 metric tonnes is ongoing.


Information on PM Bintulu

PM Bintulu is an 80%-owned subsidiary of the Company, principally engaged in the manufacturing of aluminium products.

This announcement is dated 19 May 2015.

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