OM HOLDINGS LIMITED
(ARBN 081 028 337)
No. of Pages Lodged: 1 17 July 2017
ASX Market Announcements ASX Limited
4th Floor
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam,
OM Sarawak Sdn Bhd Ferroalloys Production UpdateThe Board of OM Holdings Limited ("OMH", or the "Company") is pleased to announce that on 16th July 2017 the sixth furnace for the production of manganese alloy commenced operations at OM Materials Sarawak Sdn Bhd ("OM Sarawak"). In-house modification works for furnaces 5 and 6 are now complete and both manganese alloy furnaces commenced production as scheduled. OM Sarawak is 75% owned by OMH, and 25%-owned by Bursa Malaysia listed conglomerate Cahya Mata Sdn Bhd.
As at 17 July 2017, 14 out of the 16 furnaces at the plant are in operation, with 7 furnaces producing standard grade ferrosilicon, 1 furnace producing refined ferrosilicon, and 6 furnaces producing manganese alloys. Subject to obtaining the relevant approvals, the Company plans to convert two more furnaces to manganese alloy production in 2018, after a strategic review taking into consideration the marketing strategy and price environment of various ferroalloys.
Yours faithfully
OM HOLDINGS LIMITEDHeng Siow Kwee/Julie Wolseley
Company Secretary#08 - 08, Parkway Parade 1
80 Marine Parade Road, 449269 Singapore
Tel: 65-6346 5515 Fax: 65-6342 2242
Email address: om@ommaterials.com Website: www.omholdingsltd.com ASX Code: OMH
OM Holdings Limited published this content on 17 July 2017 and is solely responsible for the information contained herein.
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