This story is part of Forbes' coverage of The Fab 50 2018 Companies in Asia.
Koon Poh Keong knew what he had to do, but the risks were immense. He was betting his entire company on a bold plan to build a factory in China and invade the mainland aluminum market. But Chinese competitors were killing his Malaysian outfit, leaving him little choice. "We couldn't compete with them," he says.
So Koon spent $24 million to buy land and build a plant outside Foshan, Guangdong. It was 2005, and that sum equaled the entire value of his listed company, Press Metal Aluminum Holdings. But the bet paid off. From $113 million in annual revenue back then, the company now generates $2 billion, with a net profit of $138 million last year. And the market capitalization tops $4.7 billion. That track record puts it on the Fab 50 list for the first time. "China is the best thing that ever happened to Press Metal," says Koon. "China transformed us.".....
For full story of the interview, please visit : https://www.forbes.com/sites/anismuslimin/2018/09/05/asias-fab-50-2018-malaysian-metal-company-presses-ahead/#2cc624403fe5