Press Metal at a Glance Press Metal at a Glance Press Metal Aluminium Holdings Berhad 6 7 Integrated Annual Report 2023 OUR KEY STRENGTHS Our Key Strengths • We stand as the leading integrated aluminium producer in SEA, with a midstream smelting capacity of 1.08 million tonnes per annum and our downstream extrusion segment possessing a production capacity of 230,000 tonnes per annum. • Venturing vertically upstream, we have strategically invested in two (2) alumina refineries – PT Bintan Alumina Indonesia (“PT Bintan”) in Indonesia, and Worsley Alumina Unincorporated Joint Venture (“Worsley UJV”) in Australia [via Japan Alumina Associates Pty. Ltd (“JAA”)] – investments that secure a significant portion of our alumina requirements. The proximity of these refineries to our smelters enhances logistics and cost efficiencies. • Our investment in Shandong Sunstone & PMB Carbon Ltd, Co in China, ensures reliable supply of up to 40% of our carbon anode requirements. • As the largest integrated aluminium producer in SEA, our substantial growth has allowed us to serve a diverse customer base not only in the region but across Europe, USA, Asia-Pacific (“APAC”) and Oceania, underscoring our capabilities to meet the varied demands of global markets. INTEGRATED ALUMINIUM OPERATIONS Smelting Capacity 1.08 million MT • Our smelting facilities meet the GHG emissions intensity benchmark set by the Aluminium Stewardship Initiative (“ASI”), maintaining our levels well below the threshold of 11 tonnes CO2e per tonnes of aluminium produced. • In recognition of our dedication to sustainable aluminium manufacturing, our smelting facilities in Sarawak, Press Metal Bintulu Sdn. Bhd. (“PMBtu”) and Press Metal Sarawak Sdn. Bhd. (“PMS”), and our extrusion facility in China, Press Metal International Limited (“PMI”), have received the Performance Standard certifications from ASI. • As a low-carbon aluminium producer, we position ourselves as the preferred supplier, gaining a competitive edge in trending industries that are actively seeking sustainable materials for their products. These include global mega sectors such as automotive, renewable energy and construction. RESPONSIBLE ALUMINIUM PRODUCTION • Sustainability is a core component of the Group’s strategy, and we take pride in our inclusion as a constituent of the FTSE4Good Bursa Malaysia Index, making our debut in June 2022 with a 4-star rating. • We have established a Sustainability Roadmap, set time-bound and measurable targets, and established action plans to advance initiatives in GHG emissions reduction, improved resource efficiency and ecosystem monitoring. • Press Metal engages with associations promoting the sustainability agenda, including ASI, UNGC, the Federation of Malaysian Manufacturers (“FMM”) and the British Malaysian Chamber of Commerce (“BMCC”). These collaborations foster knowledge exchange and shared experiences, driving positive change across the aluminium industry. SUSTAINABILITY-DRIVEN APPROACH • Our smelting plants are located in Sarawak, Malaysia, which benefits from consistent rainfall and abundant rivers. This favourable environment for harnessing stable hydropower supply has enabled our smelting operations to derive a significant portion of electricity from hydro sources. • Our smelting plants benefit from a renewable and reliable electricity supply, secured through longterm power purchase agreements with the Sarawak State’s power company. • Unlike many other smelters that are tied to floatingrate power purchase agreements that vary in accordance with market prices for coal or gas, we are not subject to fluctuations in our energy costs. RENEWABLE & RELIABLE POWER SOURCE Performance Standard certification Inclusion as a constituent of the FTSE4Good Bursa Malaysia Index 4-star rating since our debut in June 2022 from ASI for our smelting facilities in Sarawak and extrusion facility in China Extrusion Capacity 230k MT Received electricity from hydro sources Our smelting operations derive a significant portion of
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