Lion Industries Corporation Bhd (Malaysia)

Lion Industries Corporation Bhd. (LICB) operates in the manufacturing of long steel products, by Amsteel Mills Sdn. Bhd. (AMSB) and Antara Steel Mills Sdn Bhd (Antara) at three steel mills. AMSB’s plant located in Klang, Selangor produces billets for rolling into steel bars and wire rods while its plant in Banting Selangor, set up in 2001 produces special grade billets for rolling into specialty bars and wire rods for automotive parts, mattress and mechanical springs, turning parts, wire rods, wire ropes and other stringent applications. The third mill operated by Antara in Pasir Gudang, Johor, was acquired in 2002 from Johor Corporation Bhd, and produces billets which are rolled into steel bars and light sections such as angle bars, flat bars and U-channels. In the property development sector, LICB is involved in property management and residential development. Some of its projects are Taman Malim Jaya in Melaka, Taman Soga in Batu Pahat and Pelangi Promenade in Klang. Its joint-venture with the Eastern & Oriental Group comprises a mixed integrated development project which includes three blocks of 28-storey serviced apartments, with retail, food and beverage theme outlets located at the site of the former St Mary’s School in Kuala Lumpur. LICB was founded in 1924 and based in Kuala Lumpur, Malaysia. The company is listed on Bursa Malaysia under the Main Market.