September 07, 2008

Malaysian Smelting to build new tin unit in China

Xinhua reported that Malaysian Smelting Corp Bhd will spend USD 6.37 million to build a new tin smelting plant it partly owns in China’s Guangxi Autonomous Region.

Mr Mohd Ajib Anuar CEO said “The smelting plant will have an initial output of 3,000 tonnes per year of refined tin and tin based products, including tin chemicals. It will increase production to up to 10,000 tonnes per year, subject to market demand.”

Last year, MSCB entered into a joint venture to own and operate the tin smelting plant with Guangxi Guilin Jinwei Realty Co. and Vertex Metals Inc of Taiwan. The joint venture company is called Guilin Hinwei Tin Co Ltd. The plant, of which the company holds a 40% stake, is due to begin production by June this year.