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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.
Elridge Energy Holdings Bhd (KL:ELRIDGE) is investing RM45 million to venture into the manufacturing and the sale of activated carbon business for use across water treatment, industrial purification and related filtration.
KUALA LUMPUR: Elridge Energy Holdings Bhd’s wholly owned subsidiary, Lumeria Power Sdn Bhd is venturing into the manufacture and sale of activated carbon (AC) with the proposed acquisition of six integrated AC production chains for RM45 million.
PETALING JAYA: Elridge Energy Holdings Bhd is investing RM45mil in six integrated activated carbon production chains in Klang, Selangor, via its wholly-owned subsidiary, Lumeria Power Sdn Bhd.
Elridge Energy Holdings Bhd (KL:ELRIDGE), a biomass fuel producer, saw its net profit double in the second quarter on higher revenue and biomass fuel product margins.
Notable filings
Over the week of June 22 to 26, among the notable changes in shareholding for companies publicly traded on Bursa Malaysia included those at solar photovoltaic player Pekat Group Bhd (KL:PEKAT).
Wee Chek Aik sold 16.6 million shares, resulting...
KUALA LUMPUR: Elridge Energy Holdings Bhd is expanding its production footprint at its Kuantan plant with the proposed installation and commissioning of four new palm kernel shell biomass production lines.
Elridge Energy Holdings Bhd (KL:ELRIDGE) plans to invest about RM13 million in four new biomass production lines in Kuantan, expanding its total installed capacity by a third to meet stronger demand.
KUALA LUMPUR: Elridge Energy Holdings Bhd plans to install and commission four new palm kernel shell biomass production lines in Kuantan, Pahang, under a RM13mil expansion to boost production capacity.
Elridge Energy Holdings Bhd (KL:ELRIDGE) expects trade receivables to decline in the next quarter after the biomass fuel producer collected all of the money owed by customers last year.
Elridge Energy's stock surged since its August 2024 listing but fell sharply later. Despite strong revenue and profit growth, overseas revenue contribution and performance in key markets dropped significantly, warranting close attention.