Malaysia Steel Works (KL) Bhd 2019 AR2
The report highlights Malaysia Steel Works (KL) Bhd's sustainability initiatives and financial performance for the fiscal year 2019. The company conducted a materiality assessment identifying key priorities such as innovation and technology, customer welfare, and product lifecycle. Masteel successfully improved its raw material recovery rate by approximately 7% from 2017 to 2019 and reduced the cost of semi-finished products by 3%. Additionally, the company continued its corporate social responsibility program by conducting financial literacy seminars for university students across Malaysia. Despite a challenging market, Masteel commissioned new energy-efficient steel melting technology to optimize production costs and enhance competitiveness.
Company: Malaysia Steel Works (KL) Bhd
Sector: Manufacturing
Country: Malaysia
Year: 2019
Type: AR2
Pages: 133
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Malaysia Steel Works (KL) Bhd
Annual Report
The report highlights Malaysia Steel Works (KL) Bhd's sustainability initiatives and financial performance for the fiscal year 2019. The company conducted a materiality assessment identifying key priorities such as innovation and technology, customer welfare, and product lifecycle. Masteel successfully improved its raw material recovery rate by approximately 7% from 2017 to 2019 and reduced the cost of semi-finished products by 3%. Additionally, the company continued its corporate social responsibility program by conducting financial literacy seminars for university students across Malaysia. Despite a challenging market, Masteel commissioned new energy-efficient steel melting technology to optimize production costs and enhance competitiveness.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available