Press Metal Aluminium owners rise in wealth rankings via strong aluminium market
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Kuala Lumpur-based Press Metal Aluminium Holdings Berhad is recognised as Southeast Asia’s largest aluminium smelter with annual capacity exceeding 1 million tonnes. The founding family has witnessed a notable increase in wealth, reinforced by favourable aluminium market conditions and steady company performance.
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Press Metal has maintained stable operational performance despite global economic uncertainties, and the proprietor family of Koon Poh Keong and his siblings have emerged as the second-richest individuals in Malaysia, after a significant rise in their net worth over the past year.
Press Metal’s financial performance
Improved aluminium prices, driven by demand across sectors of electric vehicles (EVs) and data centres, have contributed to the steep surge in Press Metal’s shares. The stock has soared by approximately 73 per cent since the last assessment of fortunes.
This rising trend indicates deeper market movement, wherein aluminium continues to benefit from its role in lightweight mobility and digital infrastructure.
Press Metal reported a 19 per cent year-on-year (Y-o-Y) increase in net profit, securing a record MYR 2.1 billion (USD 520 million) in 2025. The company’s revenue also rose by 8.7 per cent to approximately MYR 16 billion (USD 4.04 billion).
Market analysts have shared a positive near-term outlook, citing the steady and consistent demand from the end-use sectors and relatively firm pricing conditions.
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Expansion strategy continues with the Indonesia project
In addition to the favourable market, the group is proceeding with its expansion plans. In mid-2025, it initiated construction of an alumina refinery in Indonesia’s West Kalimantan province. Majority-owned by Press Metal, the project is valued at approximately USD 750 million and is expected to begin operations in 2027.
Combining market conditions and strategic investments, Press Metal lands in a relatively stable position, though future performance will likely remain sensitive to the global trend of demand and pricing.
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