LB Aluminium pledges RM30.41 million for an industrial land acquisition in Beranang

Malaysia-based LB Aluminium Bhd has put forward a notion to acquire a particular segment of freehold industrial land with constructions in Beranang, Selangor. The complete purchase might take RM30.41 million.

LB filed for the purchase agreement under Bursa Malaysia and was helped by Puspajaya Realty Sdn Bhd for the final acquisition.

A few extended concerns

The property in question, as described by LB, is a parcel of freehold industrial land, which includes two units of single-storey detached factories, a single-storey office, and a guardhouse. The company has clarified that the proposed acquisition will be funded by cash from internally generated funds and/or bank borrowings.

The company said in a statement: "The proposed acquisition is of strategic importance to the company as it is located adjacent to the company's existing manufacturing operations and factories and is ready for immediate utilisation."

"We will utilise the property to increase our warehouse capacity in Beranang and to relocate our subsidiaries' operations there as well as to cater for any future expansion plans," LB Aluminium declared.

Company overview

The core strength of LB Aluminium lies in its commitment to quality and innovation. Their diverse product range, spanning from aluminium extruded profiles to precision tubing, caters to a myriad of industries, showcasing their versatility. With a keen eye for technological advancements, LB Aluminium adopts cutting-edge manufacturing processes, ensuring efficiency and precision in every product.

If the aluminium industry intrigues you and your foray lies in extruded profiles, please have a look at AL Circle's special report on the same, The World of Aluminium Extrusions.