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August 04, 2015 6:46 AM ET

Metals and Mining

Company Overview of Perwaja Steel Sdn. Bhd.

Company Overview

Perwaja Steel Sdn. Bhd. manufactures and sells iron and steel products in Malaysia. The company’s products include billets, direct reduced iron, beam blanks, blooms, deformed bars, wire rods, drawn wire, and nails for domestic and international market. It offers semifinished and finished steel products for local and international distribution. The company was formerly known as Perwaja Terengganu Sdn Bhd and changed its name to Perwaja Steel Sdn. Bhd. in 1989. Perwaja Steel Sdn. Bhd. was founded in 1982 and is based in Kuala Lumpur, Malaysia. The company operates as a subsidiary of Perwaja Holdings Bhd.

Level 31 Maju Tower

1001 Jalan Sultan Ismail

Kuala Lumpur,  50250

Malaysia

Founded in 1982

Phone:

60 3 2772 8988

Fax:

60 3 2772 8973

Key Executives for Perwaja Steel Sdn. Bhd.

Chief Executive Officer
Age: 43
Compensation as of Fiscal Year 2015.

Perwaja Steel Sdn. Bhd. Key Developments

Perwaja Steel Sdn Bhd to Cease Operations and Lay Off 1,500 Employees

Perwaja Steel Sdn Bhd will cease operations and lay off all its 1,500 employees by the end of December 2014. Attempts to save the company from receivership had failed and it cost the government billions of ringgit as losses piled up.

Lembaga Kumpulan Wang Simpanan Pekerja Files Suit Against Perwaja Steel Sdn Bhd

The Board of Directors of PHB announced that Perwaja Steel Sdn Bhd (PSSB) had on 1 September 2014 received a Writ of Summons dated 13 August 2014 and Statement of Claim dated 11 August 2014 from Lembaga Kumpulan Wang Simpanan Pekerja (KWSP). KWSP has named PSSB and nine directors of PSSB as Defendants in the suit. KWSP is claiming for a total sum of RMB 4,627,852.00 from PSSB, for outstanding employees contribution and for dividend and interest accrued on the outstanding sum to be assessed by the Court from the date of default up to the date of full settlement, and all relevant legal costs incurred in relation to the suit.

Perwaja Steel Sdn. Bhd. and Tenaga Nasional Bhd Sign Bill Settlement Deal

Perwaja Steel Sdn. Bhd. has signed a settlement agreement with Tenaga Nasional Bhd for RMB 176.71 million in outstanding electricity bills owed by PSSB.

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