NS BlueScope Malaysia has completed the acquisition of YKGI Holdings' Berhad’s facility in Klang, Malaysia.
The assets comprise a push-pull pickling line, cold rolling mill, continuous galvanizing line and a continuous colour coating line. NS BlueScope Malaysia an operating entity of NS BlueScope Coated Products, which is a 50/50 joint venture with Nippon Steel Corporation (NSC) and BlueScope Steel Australia (BSL) focusing on coated products business in Southeast Asia and the USA.
NS BlueScope Coated Products believes that the acquisition has further strengthened its responsiveness to the needs of customers in the building and construction market.
The acquisition gives NS Bluescope Malaysia access to 'a cost-effective source of cold rolled substrate' and provides options to supply cold rolled feed to other operations in the ASEAN JV as well as future growth potential via additional coating and painting capacity.
Source: Steel Times International