Malaysia is set to construct a USD 1.6 billion stainless steel plant in the Tanjung Langsat industrial area in the state of Johor. The plant will be operated by JV Co. Bahru Stainless, which is owned 67% by Acerinox and 33% by Nisshin Steel. Mr Rafael Garvin Salazar MD of Bahru Stainless said that the fully integrated plant would be constructed in 3 phases and would be fully completed in 2020. He said that for the first phase, construction of the plant, costing USD 320 million, would start during week 12 and was expected to be completed by end of 2010. The plant will have a capacity of 240,000tpy, out of which 182,000tns would be cold rolled steel. After the first phase, the company will embark on an expansion program. When fully completed in 2020, the plant will have the capacity to produce 1 million tonnes per annum of stainless steel and 800,000tns per annum of cold rolled steel.
