PMB Technology to increase production

The Star Monday, 16 Sep 2024
https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production

PMB Technology to increase production

The Star Monday, 16 Sep 2024
https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production

PMB Technology to increase production

The Star Monday, 16 Sep 2024
https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production

PMB Technology to increase production

The Star Monday, 16 Sep 2024
https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production

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it may secure other strategic investors to participate in the proposed private placement.

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KUCHING: PMB Technology Bhd, which will raise the annual installed capacity of its metallic silicon output by 50% when its new Phase 3 plant in Samalaju Industrial Park in Bintulu starts commercial production soon, is poised to boost the supply of the strategic raw material to the expanding global solar industry.

Executive director/chief executive officer Koon Poh Ming said with the increasing solar panel installation, especially from the western market, and increased demand for sustainability and traceability in the supply chain, the PMB Technology group is well positioned to increase its supply of metallic silicon to this market in the near future.

He said the Phase 3 facility, which is currently under testing and commissioning, will increase the plant’s total installed capacity by 36,000 tonnes to 108,000 tonnes per annum.

Phases 1 and 2, which are both in operations, have a combined installed capacity of 72,000 tonnes per annum. The plant has a total supply of 129MW of electricity from Syarikat Sesco Bhd. Phase 3 is slated for commercial operation in the current second-half year 2024.

“By delivering on our long-term strategy of enhancing our position as a low-cost, low-carbon footprint producer that continuously focuses on achieving the highest verifiable standards on sustainability and traceability, we will attain a strong standing amongst the industry players,” said Koon in a circular to shareholders.

The circular is in relation to the company’s proposed rights issue on a full subscription basis to raise an estimated RM300mil.

PMB Technology has announced a second fund-raising exercise – via a proposed private placement – of up to 2% of the company’s total number of issued shares or up to about 32 million new shares. At an indicative issue price of RM2.02 each, the company targets to raise an additional RM64.6mil.

PMB Technology to increase production


By JACK WONG
STAR NEWS
Monday, 16 Sep 2024

KUCHING: PMB Technology Bhd, which will raise the annual installed capacity of its metallic silicon output by 50% when its new Phase 3 plant in Samalaju Industrial Park in Bintulu starts commercial production soon, is poised to boost the supply of the strategic raw material to the expanding global solar industry.

Executive director/chief executive officer Koon Poh Ming said with the increasing solar panel installation, especially from the western market, and increased demand for sustainability and traceability in the supply chain, the PMB Technology group is well positioned to increase its supply of metallic silicon to this market in the near future.
He said the Phase 3 facility, which is currently under testing and commissioning, will increase the plant’s total installed capacity by 36,000 tonnes to 108,000 tonnes per annum.

Phases 1 and 2, which are both in operations, have a combined installed capacity of 72,000 tonnes per annum. The plant has a total supply of 129MW of electricity from Syarikat Sesco Bhd. Phase 3 is slated for commercial operation in the current second-half year 2024.

“By delivering on our long-term strategy of enhancing our position as a low-cost, low-carbon footprint producer that continuously focuses on achieving the highest verifiable standards on sustainability and traceability, we will attain a strong standing amongst the industry players,” said Koon in a circular to shareholders.

The circular is in relation to the company’s proposed rights issue on a full subscription basis to raise an estimated RM300mil.

PMB Technology has announced a second fund-raising exercise – via a proposed private placement – of up to 2% of the company’s total number of issued shares or up to about 32 million new shares. At an indicative issue price of RM2.02 each, the company targets to raise an additional RM64.6mil.
On Sept 9, PMB Technology entered into a conditional share subscription agreement with Japan’s Hanwa Co Ltd to subscribe for 24 million placement shares.

Hanwa, which is listed on the Tokyo Stock Exchange, is a long-term customer of PMB Technology. Through Hanwa’s participation in the company, PMB Technology said the group aims to develop a stronger presence in the semiconductor and chemical industry in Japan.

PMB Technology said it may secure other strategic investors to participate in the proposed private placement.

The company plans to utilise 60% (RM38.76mil) and 39.6% (RM25.57mil) from the proceeds of the private placement to pare down bank borrowings and for working capital, respectively.

Koon said the group had total borrowings of RM949.4mil, of which RM210mil was used to finance the Phase 3 metallic silicon plant project. The proceeds from the proposed rights issue will be utilised entirely to repay bank borrowings after deducting RM1.2mil for the estimated expenses for the rights issue exercise.

“The (Phase 3) expansion is expected to increase operational efficiency by leveraging workforce and raw material management. Our group will be able to secure large quantities of raw materials at a lower price to achieve a greater economy of scale in production and to remain competitive in the global market,” said Koon.

He said the group’s metallic silicon manufacturing segment is expected to face challenging market conditions in the near term due to relatively lower growth from the automotive and construction sectors.

On global supply of metallic silicon, he said recent developments in China have indicated that supply should come under greater control as producers start cutting back on capacity to counter unsustainably low-price levels.

“Consumption is expected to gradually shift out of China to meet the requirements of end-consumers in the west that are placing greater emphasis on supply chain traceability, transparency and resilience.

“Global supply chains, especially the ones that produce goods or commodities that are critical for the future, which have hitherto been optimised predominantly based on costs, are being reconfigured for resilience to reduce over-dependence on any single, dominant source of supply.

“In the metallic silicon and solar industry, goods that have traces of Chinese inputs are increasingly being shunned by the western end-consumers and this trend is only expected to intensify. This opens up opportunities for metallic silicon producers that have a fully traceable and sufficient supply of non-Chinese inputs in their production process,” he added.

Koon said with long-term and constant power supply secured by a competitive rate and strategic location of PMB silicon facility (which is less than 10km from Samalaju Port) that reduces logistic costs, it would be able to compete in the metallic silicon industry.

吉隆坡9日讯）齐力科技（PMBTECH,7172,主板工业产品服务组）私下配售的新股，获日本上市公司阪和兴业公司（Hanwa Co Ltd）青睐，将认购2400万股。

该公司通过文告指出，今日已与阪和兴业公司签署有条件新股认购协议，后者将认购2400万股新股，通过认股协议可让双方建立更强的贸易关系，如一切顺利这批新股将在今年第三季上市。

齐力科技上周五（6日）宣布私下配售最多2%新股，按截至上周一（2日）股量计算，2%新股等同3201万3976股，发售价有待董事部获得相关批准后决定，而截至上周一在内的5天加权平均价（VWAP）为每股2.0176令吉。

2.30 now up up up

Hanwa (Company Registration No. 8120001077530), a company incorporated in Japan and having its registered address at 4-3-9, Fushimi-machi, Chuo-ku, Osaka 541-8585, Japan.



Hanwa is involved in the business of domestic and import-export of steel products, steelmaking raw materials, construction materials, metal scraps recycling materials industrial machinery amusement facilities, energy life living materials, food products, lumber, machinery and others. Hanwa was incorporated in Japan on 1 April 1947. It is currently listed on the Tokyo Stock Exchange and has a market capitalisation of approximately ¥215.05 billion (or equivalent to approximately RM6.38 billon) as at 2 September 2024.

We refer to the Company’s announcement on 6 September 2024 in relation to the Proposed Private Placement (“Announcement”).



Pursuant to the above, we wish to announce that the Company had on 9 September 2024 entered into a conditional share subscription agreement (“Subscription Agreement”) with Hanwa Co., Ltd (“Hanwa” or “Subscriber”) for the subscription of 24,000,000 PMBT Shares (“Placement Shares”) by Hanwa in accordance with the terms and conditions of the Subscription Agreement.



2. INFORMATION ON HANWA



Hanwa (Company Registration No. 8120001077530), a company incorporated in Japan and having its registered address at 4-3-9, Fushimi-machi, Chuo-ku, Osaka 541-8585, Japan.

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Next resistance would be around the RM3 level.

PMB Technology Bhd picked up some trading interest yesterday, ending above the 21-day simple moving average (SMA) line for the first time in two months.

The growth in the short-term uptrend could see the share rising further towards the 100-day SMA line, meeting resistance at the RM2.44 level. Next resistance would be around the RM3 level.

There was a jump in trading volume yesterday past the two-million-share mark since July, coinciding with a push higher in the technical indices.

hold tight !!!

The main uses of silicon metal are in the aluminium and chemical industries (BRGM, 2021). In addition, silicon metal is a strategic raw material used in the renewable energy (photovoltaic industry), in electronic devices, and -with a growing demand in batteries.

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top up

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profit profits @ there will have good news to be announced soon

profit profits @ 吃不到葡萄说葡萄酸

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MCE Holdings bags RM19.6 mil contract to supply parts for Perodua’s first EV


19 Jul 2024, 07:28 pm


KUALA LUMPUR: Automotive parts manufacturer MCE Holdings Bhd (KL:MCEHLDG) said it has clinched a RM19.6 million contract to supply electronic and mechatronic components for Perusahaan Otomobil Kedua Sdn Bhd's (Perodua) first electric vehicle (EV).

The components include multimedia display unit, instrument panel cluster, advanced driver assistance system, functional switches and interior lightings, said MCE in a bourse filing.

The three-year contract, it said, will commence in the second quarter of the group’s next financial year ending July 31, 2026.

The project is expected to contribute positively to the earnings of the MCE Group over a 36-month period commencing from the financial year ending July 31, 2026, whilst the estimated total investment cost is RM12.78 million.

“MCE is proud to support Perodua in this significant milestone of launching a national EV, and we are grateful to Perodua for their trust and confidence in us,” said MCE group managing director Dr Goh Kar Chun in a statement.

“This achievement is a testament that we can penetrate the EV market, which holds immense potential, and we are optimistic about further opportunities ahead. Moving forward, we will continue to scale the value chain to deliver higher value and technologically sophisticated products to our clients,” he said.

MCE is an original equipment manufacturer specialising in the full spectrum of design, manufacture and supply of automotive electronics and mechatronic parts for the Malaysian and regional markets, with plants in Johor Bahru and Port Klang.

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https://www.thestar.com.my/business/business-news/2024/06/18/pmb-technology-to-raise-output

https://www.thestar.com.my/business/business-news/2024/06/18/pmb-technology-to-raise-output

PMB Technology to raise output

Corporate News

Tuesday, 18 Jun 2024

The group will continue to explore its potential expansion in Sabah despite an earlier decision not to further extend the period of the memorandum of understanding (MoU) that PMB Technology signed with Sabah Oil & Gas Development Corp, which lapsed on March 28, 2024.

Under the MoU, PMB Technology was exploring the potential sub-lease or sale of 200 acres of land at Sipitang Oil and Gas Industrial Park, Sabah, and the development of a new silicon metal production plant there, with sufficient, constant and steady supply of natural gas at acceptable rates to the company.

Its wholly-owned subsidiary PMB Silicon Sdn Bhd undertakes the metallic silicon manufacturing operations.

Global silicon prices, according to PMB Technology, exhibited a steady decline throughout most of 2023 and ended the year down about 23% despite a strong rebound in 4Q23.

Output outside of China fell during the year as several producers curtailed output due to the challenging market conditions.

This reduction in output was, however, insufficient to offset the lacklustre demand outside of China which remained below the level reached in 2018.

And as output in China during the year was stable and adequate to meet demand, the industry was tipped over into an oversupply situation.

In 1Q24, PMB Technology group chief executive officer Koon Poh Ming said the silicon market indices registered a divergence in performance between Asian and western markets.

“Despite a pickup in activity, price levels in China fell during the quarter as supply continued to outstrip demand, prompting destocking efforts across the industry.

“However, market conditions in China are likely to improve going forward as government measures to revive the property sector and bolster the country’s economic recovery should have a positive impact on the industry.

“On the other hand, persistent supply-side constraints caused prices in Europe and the United States to continue to trend upwards from the preceding quarter. Reduced imports and shipping disruptions contributed to the surge in price levels.

“The sustainability of the higher price levels will eventually depend on underlying demand conditions, which displayed signs of improvement in the first quarter, however, lingering concern about inflation and interest rates cloud the outlook for the rest of the year,” he said when commenting on current year prospects when the company released its 1Q24 financial results recently.

Koon said the group continues to place emphasis on further improving its competitiveness in the global market by driving improvement in operational efficiency and cost reduction.

“In particular, our ongoing efforts to improve the mix of our raw material supply, by seeking supply from reliable sources that are within a closer proximity to our production facilities, have begun yielding encouraging results.

“Our persistent focus on strengthening our position in the industry will improve our chances of capturing a greater share of the market opportunities going forward,” added Koon.

KUCHING: PMB Technology Bhd’s metallic silicon plant in Samalaju Industrial Park, Bintulu will raise its annual production by 36,000 tonnes more when its phase three expansion project is operational by September this year.

The furnaces for the phase are currently under testing and commissioning, and are expected to commence production by third quarter 2024 (3Q24).

The related capital expenditure together with the improvement works for the existing facilities, RM320mil, was incurred in financial year 2023 (FY23).

“With both phase one and two up running, the group’s combined annual installed capacity is 108,000 tonnes with a total power of 129MW secured with Syarikat Sesco Bhd,” according to PMB Technology in its 2023 annual report.

PMB Technology is an associate of Press Metal Aluminium Holdings Bhd, which is South-East Asia’s largest integrated aluminum producer having manufacturing facilities in Samalaju Industrial Park and Mukah, Sarawak.

PMB Technology embarked on the phase three expansion project after securing an additional 25MW of electricity from Sesco in October 2022.

The plant’s phase one, which also has an installed production capacity of 36,000 tonnes per annum, started production six years ago. The plant’s capacity was doubled to 72,000 tonnes per annum on commissioning of the phase two in 2020.

As part of the long-awaited tariff update, Biden will increase tariffs this year under Section 301 of the Trade Act of 1974 from 25% to 100% on EVs, bringing total duties to 102.5%, from 7.5% to 25% on lithium-ion EV batteries and other battery parts and from 25% to 50% on photovoltaic cells used to make solar panels. Some critical minerals will have their tariffs raised from nothing to 25%.

Biden sharply hikes US tariffs on an array of Chinese imports
https://www.reuters.com/markets/us/biden-sharply-hikes-us-tariffs-billions-chinese-chips-cars-2024-05-14/

https://klse.i3investor.com/web/blog/detail/PublicInvest/2024-04-08-story-h-184578022-Technical_Buy_LHI_6633