Perwaja Steel Sdn Bhd Gurun
One of these scandals is the perwaja steel project which is usually associated with a loss of rm2 56 billion.
Perwaja steel sdn bhd gurun. Initially the perwaja beam and rolling mill was set up. One of these scandals is the perwaja steel project which is usually associated with a loss of rm2 56 billion. Subsequently became the holding company in 1989 with the incorporation of its operating company perwaja steel sdn. A year after eric chia s resignation in 1995 the company reported a substantial pre tax losses of rm376 54million.
The losses were claimed to be due to the expansion project involving the building of a rolling mill in gurun kedah. Then the landscape of gurun slowly changed. Perwaja steel merupakan syarikat pengeluar besi keluli nasional. In fact mahathir himself had admitted publicly in 2002 that perwaja lost rm10 billion in a dialogue with malaysians in london where he also admitted that there were possible misappropriation of funds and mismanagement in perwaja.
In 1996 perwaja steel was privatised to maju holdings sdn. Kawasan perindustrian telok kalong p o box 61 24007 kemaman terengganu malaysia perfect channel sdn bhd gurun industrial area 08100 bedong kedah malaysia. But it seems like rm10 billion is a more likely figure. When kinsteel bhd acquired a 51 stake in perwaja steel sdn bhd some nine years ago tan sri pheng yin huah was touted as an emerging steel magnate who could help the latter company scale the heights of the industry.
Level 31 maju tower 1001 jalan sultan. In 1990 perwaja steel sdn bhd was incorporated to take over perwaja terengganu sdn. The latest restructuring plan to fix ailing steel maker perwaja holdings bhd which would have seen the entry of a diversified china based group as a strategic shareholder fell through because it. Level 31 maju tower 1001 jalan sultan ismail 50250 kuala lumpur malaysia.
Pada 21 februari 2002 perwaja steel menutup sementara dua kilangnya di teluk kalong kemaman dan gurun kedah. But it seems like rm10 billion is a more likely figure. Perwaja steel is now the country s leading producer of a wide range of iron and steel products namely dri billets beam blanks. In fact mahathir himself had admitted publicly in 2002 that perwaja lost rm10 billion in a dialogue with malaysians in london where he also admitted that there were possible misappropriation of funds and mismanagement in perwaja.
Today battered by depressed steel prices high energy costs and perwaja s mountain of debt it is the pahang businessman who needs to call for help.