ACERINOX COMPLETES THE ACQUISITION OF YICK HOE METAL INDUSTRIES (MALAYSIA)

ACERINOX, S.A. announces the acquisition of 100% share capital of YICK HOE METAL INDUSTRIES SDN BHD in Malaysia.

YICK HOE METAL is a stainless steel trading company located in Malaysia, which has a service centre in Johor Bahru and facilities in Kuala Lumpur and Penang.

YICK HOE METAL, with 230 employees, is the biggest stainless steel trading company in Malaysia, with a great setting up in this country and a wide customers network, which covers the whole country.

ACERINOX, already holding 25% of the company for years, has completed the acquisition of 100% of the share capital, as a part of its strategy for consolidating its presence in the Asian markets, which also involves the construction of a new stainless steel factory in Johor Bahru (Malaysia).