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7/11/2018 — Other Minerals and Metals
BlueScope acquires Malaysian plant

BlueScope Steel Ltd (ASX: BSL) has acquired a manufacturing facility in Malaysia for $A42 million ($NZ45.4 M).

The plant was purchased by subsidiary NS BlueScope Malaysia from YKGI Holdings Berhad and it is in the centre of Klang.

BlueScope, which owns New Zealand Steel, said the assets take in a push-pull pickling line, cold rolling mill, continuous galvanising line and a continuous colour coating line.

The company said the acquisition is consistent with its strategy to grow its coated and painted steel business and provide a cost-effective source of cold rolled feed to BlueScope Malaysia.

The acquisition is expected to be completed in the March 2019 quarter.

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