Worldwide Stainless has officially completed its acquisition of Bahru Stainless Sdn Bhd, investing US$95 million to breathe new life into the Malaysian stainless steel plant. As of today, Bahru Stainless resumes full operations under the guidance of experienced leaders such as Danny Tan and Datuk Tan Kak Seng, with plans to restore the facility as the sole producer of cold-rolled stainless steel in Malaysia.
The acquisition is a strategic move to boost the company’s vertical integration, ensuring efficiency, sustainability, and global competitiveness. The plant, located in Pasir Gudang, Johor, has the capacity to produce 300,000 metric tons annually, but the focus in the short term will be on stabilizing operations and improving product quality.
A significant step in this transformation is the rehiring of 90% of Bahru Stainless’ previously retrenched workforce, bringing skilled professionals back into the fold. This experienced team is crucial to the plant’s ongoing success and long-term growth.
Worldwide Stainless plans to introduce a phased approach to ramp up production, with an emphasis on innovation and workforce upskilling. The company aims to use these measures to reposition Bahru Stainless as a global benchmark for excellence in the stainless steel industry.
With the backing of AmBank, which financed 80% of the acquisition, Worldwide Stainless is poised to lead Bahru Stainless into a future defined by growth, sustainability, and innovation. The company’s vision goes beyond mere operational resumption, striving to create a globally competitive facility that will redefine Malaysia's role in the stainless steel market.
