KUALA LUMPUR: Aluminium extruder company PA Resources Bhd’s (PRB) wholly-owned subsidiary, PA Extrusion (M) Sdn Bhd (PESB), has acquired two parcels of industrial land equivalent to 18 acres in Batang Berjuntai, Kuala Selangor for RM21 million.
The two parcels of land, located near its existing factory, will be funded via internal generated funds and bank borrowings.
The acquisition is expected to be completed within 6 months.
Upon completion of the acquisition, PRB will build a new factory on the land, which will double its production capacity in phases, from 3,200 tons a month to approximately 7,000 tons.
PRB group executive chairman Tan Sri Chan Kong Choy said this expansion plan fits the company’s long-term growth strategy.
“With our new factory, we will be able to match the escalating demand from our solar renewable energy clients.
“Additionally, this expanded capacity enables us to diversify both our product range and the markets we serve, hence providing the company with additional streams of income.
“With these objectives in mind, we aim to expedite the land acquisition process and promptly initiate the construction of our new factory.
“We are confident that this investment will not only boost our production capacity but also contribute to the economic growth of the nation.
“This initiative also promises sustainable long-term employment opportunities and advancing socio-economic development within local communities in that region,” Chan said in a statement.
“We are proud that the company is in a position to contribute to the growth of green energy by providing lightweight, durable components and cost-effective material for solar panels,” he added.
