Malaysia Energy Intensive Industries
15 Dec, 2022
Category: Industrials
Tags: Electricity
Higher electricity cost will erode their profit margin
Malaysia suggested a potential increase in electricity tariffs for big businesses and multinational companies that export.
Industries that consume a lot of electricity during their production process are the industries that hurt the most. Cement manufacturing, metal processing, and paper product manufacturing are affected the most.
Companies that are operating in these industries, such as Malayan Cement (Cement), Masteel (Electric Arc Furnace for steel), Press Metal (Aluminum Smelting) and NTPM (Pulp and Paper processing) may see their profit margin eroded.
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