Mitsui Kinzoku to invest RM4.87bil in new copper foil plant in Malaysia
KUALA LUMPUR: Japanese metal materials manufacturer Mitsui Kinzoku Co Ltd plans to invest about RM4.87 billion to build a new copper foil manufacturing plant in Malaysia to capitalise on growing demand from the artificial intelligence (AI) and semiconductor industries.
Japanese metals firm Mitsui Kinzoku plans to spend RM4.87 billion to build a new copper foil plant in Malaysia. The facility will be constructed near an existing subsidiary in Shah Alam and will produce ultra-thin copper foils for AI and semiconductor industries. Manufacturing will commence in phases from April 2031. The investment includes land acquisition, building construction, and production equipment, to be funded through cash, borrowings, and other sources.
The new plant is expected to increase Mitsui Kinzoku's MicroThin production capacity by two million square metres monthly by fiscal 2031 and add another two million square metres by fiscal 2033. The VSP copper foil capacity will rise to 2,600 tonnes monthly by fiscal 2031 and fiscal 2032, with the possibility of expanding to 5,000 tonnes monthly as demand grows.
This expansion is part of Mitsui Kinzoku's broader strategy for its copper foil business, with projected operating profits reaching 3.2 times fiscal 2025 levels by fiscal 2030 and 5.5 times by fiscal 2033.
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