KUCHING: In a strategic move to support Sarawak’s ambition of becoming a leader in renewable energy, Press Metal has signed a significant Memorandum of Understanding (MOU) with the Bintulu Development Authority (BDA).
According to Group Chief Executive Officer (CEO) of Press Metal Aluminium Holdings Berhad, Tan Sri Datuk Paul Koon Poh Keong, the partnership aims to establish a solar module fabricated aluminium frame facility at the Samalaju Industrial Park, a step that will strengthen the region’s position in the global renewable energy market.
He also expressed his enthusiasm about the collaboration.
“Our partnership with the BDA built on a shared commitment to fostering economic growth, strengthening local industries, and creating long-term value for the community.
“The development of this solar module fabricated aluminium frame facility will further solidify Samalaju Industrial Park’s position as a critical node in Sarawak’s Industrial landscape, attracting new investment and strengthening the region’s supply chain ecosystem,” he said.
He said this during the signing of a Memorandum of Understanding (MoU) between Bintulu Development Authority (BDA) and Press Metal Aluminium Holdings Berhad at Raia Convention Centre here on Thursday (Feb 27).
He also emphasised the shared vision between Press Metal and BDA to drive economic growth, create jobs, and develop local industries while contributing to the community’s long-term prosperity.
“This partnership will allow us to leverage cutting-edge technology to support the growing global demand for clean energy solutions. Aluminium, a vital material in solar panel production, will enable us to meet the demand for efficient, durable, and cost-effective solar infrastructure,” he said.
He said the new facility will be integral to producing high-quality aluminium frames for solar energy systems, a critical component of solar panels.
“This project with estimated investment is in the vicinity of RM600 million with an anticipated share structure of BDA (20%) and Press Metal (80%). This project will be funded by a 20% capital injection with the remainder via term loans.
“At the same time, there is a possibility that Sumitomo may also invest in this project, and we will make an announcement should that occur,” he said.
