Press Metal Bhd is a Malaysian company that operates in the solar renewable project development sector. The company was founded in 1986 and has since grown to become one of the leading players in the aluminium industry in Malaysia. Press Metal Bhd is listed on the Malaysian stock exchange and has a market capitalisation of approximately RM 12.5 billion.

The company's core business is the production of aluminium products, including extrusions, sheets and coils, and foil. Press Metal Bhd has a strong presence in the Asia-Pacific region, with operations in Malaysia, China, and Indonesia. The company has also expanded into the renewable energy sector, with a focus on solar energy.

Press Metal Bhd's foray into the renewable energy sector began in 2017 when the company acquired a 51% stake in KPower Berhad, a Malaysian company that specialises in solar energy. The acquisition allowed Press Metal Bhd to diversify its business and tap into the growing demand for renewable energy in Malaysia and the region.

Since the acquisition, Press Metal Bhd has been actively involved in the development of solar projects in Malaysia. In 2019, the company announced that it had secured a contract to develop a 50 MW solar power plant in Kedah, Malaysia. The project, which is expected to be completed in 2021, will generate clean energy that will be supplied to the national grid.

Press Metal Bhd has also been involved in the development of smaller-scale solar projects in Malaysia. In 2018, the company announced that it had completed the installation of a 1 MW solar photovoltaic (PV) system at its aluminium smelting plant in Samalaju, Sarawak. The system is expected to generate approximately 1.3 million kWh of electricity per year, reducing the company's reliance on fossil fuels and lowering its carbon footprint.

In addition to its solar energy projects, Press Metal Bhd has also invested in other renewable energy technologies. In 2019, the company announced that it had acquired a 25% stake in Australian company Ecogen Energy, which specialises in the development of waste-to-energy projects. The investment will allow Press Metal Bhd to expand its renewable energy portfolio and tap into the growing demand for sustainable energy solutions.

Press Metal Bhd's commitment to sustainability extends beyond its renewable energy projects. The company has implemented a number of initiatives to reduce its environmental impact and promote sustainable practices. For example, Press Metal Bhd has implemented a waste management system that recycles aluminium scrap and reduces the amount of waste sent to landfills. The company has also implemented energy-efficient technologies in its production processes, reducing its energy consumption and greenhouse gas emissions.

Press Metal Bhd's commitment to sustainability has been recognised by industry experts. In 2019, the company was awarded the Sustainability Award at the Malaysia Business Awards, in recognition of its efforts to promote sustainable practices in the aluminium industry.

In addition to its focus on sustainability, Press Metal Bhd has also prioritised innovation and technology. The company has invested in research and development to develop new and innovative products and processes. For example, Press Metal Bhd has developed a new aluminium alloy that is lighter and stronger than traditional alloys, making it ideal for use in the automotive and aerospace industries.

Press Metal Bhd's focus on innovation and sustainability has helped the company to remain competitive in the global market. The company's strong financial performance and commitment to sustainable practices have also attracted the attention of investors. In 2019, Press Metal Bhd was included in the FTSE4Good Bursa Malaysia Index, which recognises companies that meet globally recognised environmental, social, and governance (ESG) standards.

In conclusion, Press Metal Bhd is a Malaysian company that operates in the solar renewable project development sector. The company has a strong presence in the aluminium industry in Malaysia and the region, and has diversified its business to include renewable energy projects. Press Metal Bhd's commitment to sustainability and innovation has helped the company to remain competitive in the global market and attract the attention of investors. With its focus on renewable energy and sustainable practices, Press Metal Bhd is well-positioned to capitalise on the growing demand for clean energy solutions in Malaysia and the region.