Eastern Steel Sdn Bhd, is a Joint Venture company between Hiap Teck Venture Berhad (HTVB) and Shougang Group of China with total paid-up capital of Ringgit Malaysia RM 200 million as at 1st August 2012.
Hiap Teck Venture Berhad, was listed on the main board of Bursa Malaysia Securities Berhad on 2nd September 2003, is one of the leading steel company in Malaysia with headquarters in Klang, with 6 factories/warehouses occupying 65 acres of land, HTVB is an organization that driven by its vision and mission dedicated to meet and to satisfy customers’ needs.
Eastern Steel’s foreign partner- Shougang Group of China, was established in the year 1919 in Beijing, China. Shougang is one of the China’s leading steel companies, with its business diversity in Iron and Steel Making, Mining, Machinery, Electronics, Architecture, Real Estate, Services, Overseas Engineering Contracting and Trade. In the year 2011, Shougang was ranked number 325 on Fortune’s Global top 500 companies with total annual revenue of 34.6 billion US Dollars.