Malaysia firm eyes steel factory in Brunei

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Malaysia-based Oriental Sheet Piling Pte Ltd, a business unit of global steel giant ArcelorMittal, is eyeing the possibility of setting up a steel production facility in Brunei in the next six to 12 months.

According to Jackie Lim, sales manager of Oriental Sheet Piling, the ompany is keen on establishing the facility with a view of creating job opportunities for 50 to 100 Bruneians and is also looking into the possibility of creating a local steel brand.

At the moment, the company is conducting a feasibility study for the project with a possible location near the coastal area in Muara. Lim said at a steel business conference in Brunei held on November 29.

He added that Brunei was a suitable destination for the company due to its strategic location, stable economy and natural environment, Asia News Network reported. The factory would supply foundation steel for the country’s upcoming national projects and also export products to neighbouring countries.

The company currently has one production facility in Malaysia and one in Shanghai, China and sales offices throughout ASEAN and East Asia.

 

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Reading Time: 1 minute

Malaysia-based Oriental Sheet Piling Pte Ltd, a business unit of global steel giant ArcelorMittal, is eyeing the possibility of setting up a steel production facility in Brunei in the next six to 12 months.

Reading Time: 1 minute

Malaysia-based Oriental Sheet Piling Pte Ltd, a business unit of global steel giant ArcelorMittal, is eyeing the possibility of setting up a steel production facility in Brunei in the next six to 12 months.

According to Jackie Lim, sales manager of Oriental Sheet Piling, the ompany is keen on establishing the facility with a view of creating job opportunities for 50 to 100 Bruneians and is also looking into the possibility of creating a local steel brand.

At the moment, the company is conducting a feasibility study for the project with a possible location near the coastal area in Muara. Lim said at a steel business conference in Brunei held on November 29.

He added that Brunei was a suitable destination for the company due to its strategic location, stable economy and natural environment, Asia News Network reported. The factory would supply foundation steel for the country’s upcoming national projects and also export products to neighbouring countries.

The company currently has one production facility in Malaysia and one in Shanghai, China and sales offices throughout ASEAN and East Asia.

 

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