KEMAMAN, Jan 13 (Bernama) -- Eastern Steel Sdn Bhd (ESSB), the largest iron and steel plant in Terengganu, will resume operations in May 2018, said Industry and Trade Committee Chairman, Datuk Tengku Putera Tengku Awang said.
He said the resumption of ESSB\'s operations would contribute to the positive growth of the Terengganu economy, especially in the vicinity of Kemaman Port and Teluk Kalong Industrial Estate here.
"The factory started operations in January 2015 with a total investment of RM1.2 billion and has a production capacity of 700,000 metric tons per year."
"However, as with other businesses, the iron and steel industry is also not risk-free as in 2015, the world iron and steel market prices fell and caused many factories worldwide to suffer losses, including ESSB," he said.
He was speaking to reporters after launching industrial training programme where the company will send its staff to China here today.
Also present were State Director of State Economic Planning Unit, Rosman Roslan, ESSB Chief Operating Officer, Tee Choon Hock and ESSB Chief Executive Officer, Wang Sheng Hua.....