malaysia smelting corp fires up as tin demand shines - energy storage devices

A PROBLEM-
The core of Dr. Datuk Patrick Dr is to solve the problem.
Chief executive, Malaysian Smelting Corporation (Bhd)MSC)
The world's largest independent custom tin smelter owns razors
Cover up his sharp mind for 65 years.
"If you don't expect or accept the challenge, you will grow into Moss --
Turn into a stone that does not move, and no longer roll or move forward, "quipped by Kuala Lumpur --
Certified Engineer.
In his 1970 s, he started his career at the National Electricity Commission of Malaysia, after which he began working as an electrical engineering consultant.
He established a battery solutions company in 2004 and was subsequently acquired.
During this period, he established proficiency in the distribution system and conducted research in the field of energy conversion efficiency, with a doctorate in electrical engineering.
In his 60 s, just as he was about to call it a day, a very dear friend gave him a chance at MSC.
"This is a challenge to motivate me to quit retirement," recalls Yong . ".
"Looking at the MSC situation, I was able to figure out the areas that needed to be fixed.
I can see a light at the end of the tunnel.
This is not the headlights of the oncoming train.
So I took the job.
"In October 2016, Yong was appointed chief executive of MSC to take over former CEO Cai Changyong.
He was subsequently appointed to the board
Independent Executive Director, June. MSC is 54.
One of Singapore's oldest companies owns a 8% stake.
Channel Trading Limited-
And it's junior.
Listed in Bursa, Malaysia since December 1994.
The group completed its second listing on the SGX motherboard of January 11, with a market value of about $90 million.
MSC has been a global leader in custom tin smelting since 1887, producing 27,712 tons of silver tin
White metal was ranked third in 2017.
Largest supplier in the world
Mining is the group's biggest source of profit.
2004, MSC acquired Rahman hydraulic Tin Sdn Bhd (RHT)
This is the oldest and largest place of business in Malaysia. pit, hard-
A rock tin mine in a state rich in mining history.
The group's smelting business is 100-year-
Old smelters in batworth, Penang, will Tin-
High ore content
Pure tin metal for industrial use.
The third source of revenue for MSC is the sale of finished products to end users.
In the mid-90 s, the group began its tin trading and marketing division under the smelting division, which provided hedging, pricing and marketing links to the Kuala Lumpur tin market/London Metal Exchange (KLTM/LME)
And the global consumer market.
Hoi An Strait tin brand-
Register at KLTM and LME-
Accepted worldwide, with purity ranging from standard A to high quality grade electrolytic tin.
The group also owns a 40% stake in Redring Solder (M)
Sdn Bhd is a profitable downstream welding manufacturing business with great growth potential. Out-of-the-
Many people were surprised by what I did.
You're an electrical engineer, they said.
What are you doing in metallurgical?
", Smile forever.
"Being an engineer requires logical thinking, analysis and problems --
Ability to solve.
In essence, it is to make the enterprise work in the most efficient way possible.
For example, what would you do if you were a farmer and flooded?
Stop raising chickens
Duck in the back! What about his spell?
You can find a solution when you know something you don't know.
But if something you don't know, you end up fumbling in the dark --
A lot of money was lost.
There's always something we can't control.
For example, $-
Not just the ringgit exchange rate and global tin price determined by demand
Supply dynamics, but also politics, and how hedging is a double factor.
Edgedsword "Yong pointed out.
"There is nothing we can do about these problems, but the rest is technical problems, and technical problems are always the easiest to solve.
"In the past few years, Yong has been busy cleaning up the group's legacy issues, including from
Core investment.
"These areas have nothing to do with our operations and investments, we don't have direct control, all of which are draining our profits," he added . ".
The next step is to implement a "rescue operation" in which assets are stripped.
"We're here soon --
What we have not done is something we cannot see or know.
This leaves a clear path for the group to move forward.
"MSC has been profitable for 5 years in the past 10 years, with an average annual income of RMB 2.
During this period there were 2 billion people.
Net income for the year ended December 31, 2017 and 2016 was 16 yuan.
1 million and rm34.
3 million, respectively, from the net loss rm4.
8 million and rm9.
In 2015, 9 million and 2014 respectively. State-of-the-
Looking ahead, MSC continues to strengthen its niche expertise in tin in the global supply chain to achieve growth through organic approaches and strategic acquisitions.
Yong said it continues to assess investment opportunities, focusing on areas where national risks can be effectively managed, and areas where mines can be developed and operated at relatively low cost structures.
At the same time, RHT is carrying out exploration activities to discover new tin ore beds in Malaysia to ensure the continuous supply of feed to support its smelting operations.
It is also conducting metallurgical testing procedures to identify the features of the new mine bed and to establish appropriate installations
Go to the processing plant to process the ore.
It will also carry out pit optimization analysis for new pit designs that are safe and economically profitable for planning.
Another key move is to upgrade the group's tin smelting technology.
At present, the new Pulau Indah smelting plant in Basheng port is in progress.
To solve the problem of low production efficiency in its old smelters.
State will be used for new facilities-of-the-
Art, extraction technology, complete with a single-
The stage smelting process, not the current manyStage procedures.
This is expected to increase production and annual production capacity
Estimated at 50%-
And reduce labor costs and the overall carbon footprint of the group.
It is expected that the plant will be fully put into operation in 2020 and will be one of the lowest
Smelting facilities in the world.
"Our mining production is from 8.
"5 tons to 9 tons per day, we will be close to 10 tons per day for the next one to two years," Yong said . ".
"We also hope to open new mines in ak state and get more mining leases from the government.
"Four years ago, RHT acquired a 80% stake in SL Tin Sdn Bhd, which holds more than 267 of the mining lease.
Monthly hectares of Lembing Shuangxi and Peng Heng during the one-month period.
The group found recoverable tin deposits in its initial exploration work and started small-scale exploration work
Mining scale this year.
"There are still a lot of tin mines in Malaysia.
"The state government is considering us to stimulate the revival of the country's tin industry and to re-integrate Malaysia into the territory of the tin industry," he added . ".
Another priority is to promote R & D (R&D)
Yong said the current level of investment in tin is "insufficient ".
He added that a R & D center was established at the group's new Pulau Indah facility and worked with the metallurgical and geological industries.
Yong pointed out that the overall outlook is still bright.
"I am passionate about tin.
Not because I grew up with it, but because I can see the future of it
Obviously there is no other direction to go, we are in the right industry.
"In all the non-
Black metal, tin is the easiest to understand, but few people understand it.
"This is also the easiest metal to smelting, worth second only to gold and silver, but far above both in terms of application," he added . ".
Nowadays, tin is used in a variety of products from food packaging to smartphones, from cars to solar cells, and the latest findings focus on electrical and energy storage.
"While in the medium term Tin consumption will still come mainly from the expanding consumer electronics industry, we expect future demand to be driven by new applications in the energy sector --
Storage technology, "he said.
"Especially the increase in tin use in lithium --
With more and more automakers launching electric vehicles, ion batteries are a good sign for the group.
He added: "In the end, the excellent conductive properties of this metal will determine its future.
"Gold, silver and tin perform well in terms of conductivity, but the price of gold and silver is per gram.
Tin plays an important role in energy storage devices or accumulators --
After adding tin, you will get a very good charging and discharge rate.
"In the first nine months of 2018, the average price of tin rose slightly from $20,380 a tonne this year to $20,128 a tonne --
Prior to this, according to KLTM data.
Last year, tin prices rose more than 10% on average to about $20,000 a tonne, up 2016 on average.
International Tin Association (ITA)
In its 2017 review, it was noted that the fundamentals of tin remain strong, and even if usage growth remains slow, there is a high likelihood of supply shortages over the next five years.
It also highlights the potential growth in demand for energy metals --
Related applications in the next decade and beyond, early indications are the use of tin in lead
Acid batteries, and the rapid growth of welding materials used in the production of solar cells.
Encouraged by the optimistic outlook, retirement is not far away for young peoplenot yet anyway.
"At the moment, I still enjoy my work and there is a lot to do.
"I am excited about the new technologies that we can apply that bring tin and the business to a new level," he said . ".
"Also, you won't retire until you have a succession plan in place, and this plan won't put the team in trouble.
That's what we're doing now.
"Outside the office, Yong is immersed in music, and classical guitar is the instrument of his choice. The self-
The 12-year-old musician, who began playing with his ears, liked evergreen trees such as the Moonlight Sonata, the Fur Elise and the Aranguez Concerto.
Father of son and daughter-
All in their 30 s.
He always reminds the children of the importance of hard work and integrity.
Another secret to success, he believes, is to connect with the right people.
"In my opinion, behind every successful man or woman is another successful man or woman.
There is someone who believes in you and is willing to give you a break --
This is very valuable.
First of all, I am very lucky in this regard. " -