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P.A. Resources Berhad, Malaysia’s foremost aluminum extruder company, has proudly announced a significant milestone with its wholly owned subsidiary, P.A. Extrusion (M) Sdn Bhd.
The subsidiary has been granted an extension of a supply agreement from First Solar, Inc., along with First Solar Malaysia Sdn. Bhd. and First Solar Vietnam Manufacturing Co. Ltd, to provide essential components for the production of photovoltaic (PV) modules.
The extension of this supply agreement holds a substantial value, amounting to RM1.08 billion, approximately USD 231.90 million, covering the contract period from January 2, 2024, to July 1, 2025.
Expressing his enthusiasm, Tan Sri Chan Kong Choy, the Group Executive Chairman of P.A. Resources Berhad, remarked, “We are delighted to announce the fourth extension from First Solar, with a contract value exceeding RM1 billion – the largest contract awarded to us to date. This underscores the trust that First Solar has in us, rooted in our ability to manufacture products adhering to their stringent standards.”
“As the global demand for solar energy continues to rise, we take pride in contributing to the transition towards green energy through our partnership with First Solar. This contract not only ensures stable financial growth for us in the future but also signifies our commitment to expanding our business in the sustainable energy sector,” he added.
This extension not only solidifies P.A. Resources Berhad’s position in the renewable energy supply chain but also exemplifies the growing collaboration between industry leaders in Malaysia and global players in the solar energy sector. |
