Perwaja Steel Sdn Bhd Terengganu
Perwaja terengganu sdn bhd the government owned steel manufacturer is insolvent.
Perwaja steel sdn bhd terengganu. Perwaja holdings berhad activity since. Perwaja steel sdn bhd. Integrated steel mill area. However perwaja encountered production problems and was saddled with large debts.
Subsequently became the holding company in 1989 with the incorporation of its operating company perwaja steel sdn. Level 31 maju tower 1001 jalan sultan. Perwaja scandal the public has a right to know. However perwaja encountered production problems and was saddled with large debts.
During 1988 more than 10 proposals were received by the government to turn the perwaja plant into a profitable venture. 60 9 860 3400 web. A steel plant costing rm1 billion was built in terengganu to supply the domestic needs for steel products. Since the borrowings were in yen which appreciated significantly at that time interest payments were getting higher.
A steel plant costing rm1 billion was built in terengganu to supply the domestic needs for steel products. Perwaja steel sdn bhd shareholders. A year after eric chia s resignation in 1995 the company reported a substantial pre tax losses of rm376 54million. In 1990 perwaja steel sdn bhd was incorporated to take over perwaja terengganu sdn.
Kawasan perindustrian telok kalong po box 61 24007 kemaman terengganu email. Perwaja steel is now the country s leading producer of a wide range of iron and steel products namely dri billets beam blanks. Since the borrowings were in yen which appreciated significantly at that time interest payments were getting higher. It is unable to pay some of its creditors and is seeking a moratorium on payment of interest and principal on some of its borrowings.
Malaysia s perwaja terengganu is the country s biggest financial failure. The steel maker has leaned on the government which has already put up billions of dollars and says it won t give more. 603 2772 8988 kemaman plant. Direct reduced iron and steel owner.
609 8603 400 gurun plant. Level 31 maju tower 1001 jalan sultan ismail.