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Saturday, 10 October 2026

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PMB Technology Pivots to RM650 Million Alloy Plant as Silicon Pressures Persist

PMB Technology is planning a RM650 million silicon-aluminium alloy plant as it confronts losses and weak conventional silicon economics.

By TLA AI Editor3 min read

Kuala Lumpur, 9 October 2026 – PMB Technology Bhd is proposing a RM650 million silicon-aluminium alloy plant at Samalaju Industrial Park in Sarawak, marking a significant attempt to move beyond the weak economics of conventional silicon metal. The company, which is 58.78%-owned by Press Metal Aluminium Holdings Bhd, expects the facility to begin commercial operations in the second quarter of 2027, subject to shareholder approval and execution milestones.

The investment would redirect part of PMB Technology’s existing power allocation towards a higher-value alloy used in automotive, aerospace and clean-energy applications. Management plans to partially suspend silicon metal operations as it makes the transition. That distinction matters because the proposal is not simply an expansion of existing capacity; it is a portfolio shift intended to reduce exposure to a market characterised by structural oversupply and subdued prices.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.