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Elridge Energy Holdings Bhd is investing RM45mil in six integrated activated carbon production chains in Klang, via its wholly owned subsidiary, Lumeria Power Sdn Bhd.
It would enable Elridge Energy to move beyond supplying PKS primarily as biomass fuel and convert the same feedstock into activated carbon, a higher value-added product used in water treatment, air and gas purification, industrial filtration and other industrial applications
Elridge’s growth story is starting to look more convincing. The latest results show that it’s not just about growing bigger anymore, the company is now turning that bigger business base into faster profit growth and better margins 👍
ELRIDGE back above 90 sen. Volume picking up again. RM1.00 will be an interesting level to watch. Q2 numbers were strong and expansion is still ongoing. Let’s see if momentum continues.
