Our Group Executive Chairman
“We aim to be among the top 10% lowest-cost steel producers in the world.”
Lion Group, since its venture into the foundry business and subsequent expansion into steelmaking operations, has continued to tap business opportunities arising from the nation’s economic growth and development.
Today, as a diversified business group with interests in various fields, the Group remains focused on developing its steel manufacturing business. To date, the Group has invested more than RM8 billion in the local steel industry, and is planning to invest another RM5 billion in new processes and technologies to reduce costs, increase productivity and improve quality. This includes investing in new projects especially in upstream iron and steelmaking, which will enable us to supply high quality steel to support the development of higher value-added downstream activities.
We are committed to work closely together with our business associates; whether distributors, downstream manufacturers, end-users, traders or suppliers. We need to cooperate and work with each other in order to develop the industry and bring about mutual benefits for everyone.
Both upstream and downstream producers depend on each other to grow their businesses and supply all kinds of steel products to support the country’s manufacturing, engineering, fabrication and infrastructural requirements. The availability of competitive feedstock from our steelmaking plants will enhance the competitiveness of the downstream industries and encourage greater exports.
A strong, integrated steel industry will help the local economy withstand the cyclical pressures of the industry and global competition as well as take advantage of the opportunities arising from increasing trade liberalisation.
The Group’s Steel Division is determined to be one of the largest and most efficient steel producers in this region, and is poised to achieve this with the various upgrading and expansion projects. With the continuous support of the authorities and our business partners, and the commitment of our employees in the Steel Division, I am confident the Group will be able to realise its vision of being among the top 10% lowest-cost steel producers in the world.
TAN SRI DATUK SERI UTAMA WILLIAM CHENG
Group Executive Chairman
Lion Group