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Acerinox acquires Yick Hoe, Malaysia
publication date: Jul 10, 2009
Acerinox, S.A. has acquired the 100% share capital of YICK HOE METALS, SDN. BHD. in Malaysia.
Yick hoe Metals is a stainless steel trading company located in Malaysia, which has a service centre in Johor Bahru and facilities in Kuala Lumpur and Penang. Yick Hoe Metals, with 230 employees, is the biggest stainless steel trading company in Malaysia, with a great setting up in this country and a wide customers network, which covers the whole country. Acerinox, already holding 25% of the company for years, has completed the acquisition of 100% of the share capital, as a part of its strategy for consolidating its presence in the Asian markets, which also involves the construction of a new stainless steel factory in Johor Bahru (Malaysia). |
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