Perstima Spending RM20mil to Upgrade Plant
Perusahaan Sadur Timah Malaysia Bhd (Perstima) will invest RM20mil to upgrade its tinplate plant in Vietnam, which will also produce tin free steel (TFS). Chairman Tan Sri Ab. Rahman Omar said the production of TFS was expected to commence by March. Perstima spend RM25mil to upgrade its tinplate plant in Pasir Gudang, Johor, which was completed last week. "By the first quarter next year, we expect total tinplate, including TFS production, to reach 320,000 tonnes a year from 270,000 tonnes currently," Rahman told StarBiz after the company AGM yesterday. "We will be in a better position to capture new markets and maintain competitive pricing with the completion of the upgrading at our Malaysia and Vietnam plants," Rahman said.
On the outlook for tinplate, he said the group's operational environment was expected to remain challenging and competitive amidst higher raw materials prices, alternative packaging materials and cheaper tinplate imports from China. Despite the uptrend in tinplate prices, Rahman said: "The price increase will not make tinplate uncompetitive as the price of raw materials for other forms of packaging like resins and aluminium, are also on the rise."
Perstima managing director Hiroshi Kume said: "For now, we are not unduly worried about imported tinplates from China because the local market is small compared with Thailand. "However, the situation can become bad if overcapacity in China results in dumping in the region."
(Source: The Star, 18 July 2007)
Exclusive Gold Coins for 50th National Day
Royal Selangor is offering exclusive gold coins with a legal tender value of RM100 but worth RM1,957 in gold in conjunction with the country's 50th National Day. A statement from the company said that the coins, each placed in a specially designed box, paid tribute to the 13-year tenure of Malaysia's first Prime Minister Tunku Abdul Rahman. "Released from a private collection, this gold coin is aptly priced at RM1,957. Only a limited number of 395 coins are available for sale at Royal Selangor," it said. Each coin has the portrait of the Tunku together with the inscription Bapa Malaysia (Father of Malaysia) and on the reverse side features the Parliament House superimposed over a crescent moon and 14-point star with the inscription of the denomination RM100.
Other commemorative items include pewter medals, with the 50th National Day logo, commemorates the glorious moment on Aug 31, 1957, when the Tunku raised his hand proclaiming "Merdeka," amid cheers from the crowd. Each medal comes in a special box and is priced at RM50. The statement also said that the KU collection of home and desk accessories celebrated the diversity and beauty of the nation's heritage and was inspired by traditional motifs from various Malaysian cultures. "Kenyah art, batik, wau and wayang kulit are given a modern twist in the designs of photo frames, platters, cardholders, pen caddies and pen trays," it added.
The statement said that the memorabilia would be available at all Royal Selangor stores at the end of the month. In addition, Royal Selangor is joining the 50th anniversary celebrations with a Merdeka Exhibition from July 2007 to June 2008 at the Royal Selangor Visitor Centre in Setapak Jaya, which highlights memorabilia produced to commemorate the country's independence. Those interested can contact the Royal Selangor Visitor Centre at 03-4145 6122.
(Source: The Star, 26 July 2007)
Merdeka-Themed Pewter Display
A Merdeka Exhibition is being held at the Royal Selangor Visitor Centre in Setapak Jaya, Kuala Lumpur, for a year from until June 28, 2008. Among the items on display are memorabilia to commemorate the nation's independence such as the proclamation of independence reproduced in pewter and a replica of the keris worn by the first Prime Minister Tunku Abdul Rahman on Aug 31, 1957.
A set of exquisite 25th Merdeka sterling silver wafers and biography of Tunku is also on display. The exhibition will be an added attraction to the centre's educational exhibits. Since its inauguration in March 2004, the award-winning Visitor Centre has attracted thousands of people from all over the world. Its complementary tours highlight the history of pewter, tin mining in Malaysia as well as showcase the skills of the Malaysian craftspeople.
Located 20 minutes from the city centre, visitors need only hop on the Merdeka-themed Royal Selangor shuttle vans from major hotels located in Kuala Lumpur. Alternatively, take the Putra LRT and alight at the Wangsa Maju station. The centre is a short ride away. For details, call 03-4145 6122.
(Source: The Star, 29 August 2007)
In recent years, Royal Selangor has been addressing the home accessories market with new designs more relevant to the modern customer. Its continuous efforts in design and marketing have made considerable impact in repositioning the brand. Speaking at a media preview for the Autumn 2007 Collection, Royal Selangor creative director Chris Yong said, "Our strategy is to reach out to new segments and keep our customers engaged. We continually refresh our product offerings with designs that are appealing and relevant to modern lifestyles.
"With Malaysia commemorating its golden jubilee this year, we took the opportunity to explore and embrace our rich cultural heritage." Royal Selangor 's Autumn 2007 Collection comprises seven ranges that complement contemporary lifestyle and accent the home and work environment. Among the highlights of this season are two exciting ranges inspired by rich textures and motifs of the East.
Royal Selangor has partnered with local interior design celebrity Eric Leong to create an alluring range of home and desk pieces. Inspired by the elegant lotus, New Asia exudes a sense of zen with its bold lines and simple curves. Another major range this season is Arabesque, a collaboration between Royal Selangor and the Islamic Arts Museum Malaysia. A celebration of symmetry, calligraphy and the beauty of Islamic art, this collection features desktop items such as memopad tray to cardholders, and home accessories such as coaters, tealights and condiment shakers.
From the Greek isthmus describing a land bridge, Royal Selangor's Isthmus Home collection speaks of a meeting of worlds. An exuberant foliate motif, a marriage of various styles from the East and West, decorates a collection of home and tableware comprising tankards, tumbler, platter, pitcher, bowl, tray, vase, candlestand and trinket box.
To commemorate Malaysia's 50th year of independence, Royal Selangor introduces Ku, a collection inspired by various Malaysian cultures. Ku comprises photoframes, platters, a cardholder, pen caddy and tray embellished with Kenyah, batik, wau and wayang kulit motifs, set against clean-lined shapes.
Royal Selangor extends its Palladio range to include home accents and tableware. In a subdued antique finish, these timeless designs with their soft curves and graceful shapes accentuate the warmth of pewter. Also available are the popular Himalaya range and Plus collection of wearables. Royal Selangor 's Autumn 2007 Collection is available at all Royal Selangor retail stores and authorised dealers. Prices start from RM50.
(Source: The Sun, 6 September 2007)
Metal Reclamation Gets Credit Facility
Metal Reclamation Bhd (MRB), a lead producer, has received a RM50 million credit facility from The South East Asian Strategic Assets Fund L.P. In a statement, MRB said it will also issue up to 25 million warrants to the fund, a collaboration between CIMB Group and Standard Bank. Money from the six-year loan facility will be used to ramp up MRB's production.
(Source: New Straits Times, 28 September 2007)