Alcom Group

What Alcom Group does

Alcom Group Berhad is a publicly listed Malaysian industrial company (Bursa Malaysia Main Market, ticker 2674.KL) and the largest manufacturer of rolled aluminium products in Malaysia, founded in 1960 and operating from its Bukit Raja, Klang facility with approximately 400 employees. The company operates a B2B enterprise model, selling directly to global HVAC OEMs (Daikin, Carrier, York, Samsung, Panasonic, Mitsubishi Electric, Fujitsu, Hitachi), construction and infrastructure projects (Petronas Towers, MRT Stations, Changi Airport, KLIA 2), and industrial customers in packaging, beverage, port operations, oil and gas, and telecommunications. Its product portfolio spans four lines: fin stock (bare and pre-coated), branded building products (Payung, 7P, COMSPAN, ALRIB), specialty products (coiled sheets, tread plates, stucco embossed coil/sheet), and heavy gauge foil (FDA-approved packaging foil, cable foil, converter foil).

Manufacturing technology centers on three state-of-the-art continuous casting lines feeding a 4-high cold mill and 4-high foil finishing mill, producing 36,000 MT of hot band per annum. The pre-coated fin stock business is anchored by Japanese coating technology licensed from Nippon Light Metal Co. Ltd., under which ANSC was the first plant outside Japan to manufacture pre-coated fin stock; the company has internalized that capability with three registered patents covering anti-frost and hydrophilic coatings. The company reports a 95% customer retention rate, holds 40 industry awards and accreditations (including the 2008 Prime Minister's Award for Industry and Product Excellence from MITI), and serves customers across ASEAN, the Middle East, North Africa, Hong Kong, Taiwan, Korea, Australia, and Japan.

Revenue is generated primarily through one-time direct sales of manufactured aluminium products priced by custom quotation, with pricing varying by alloy specification, coating, quantity, and grade. A secondary, smaller revenue stream comes from property development through AGB Land Sdn Bhd, which is developing EMHub, a RM 500 million gross development value commerce hub in Kota Damansara. The largest shareholder is SCland Holdings Sdn Bhd (29.98%), following a 2017 transition from prior Novelis/Alcan-related ownership. Revenue, segment splits, and detailed financials are not disclosed in the available input data.

Name

Alcom Group

Legal name

Alcom Group Berhad

Website

https://alcom.com.my

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

251–500 employees

Short description

Alcom Group Berhad is Malaysia's largest manufacturer of rolled aluminium products, producing fin stock, branded roofing profiles, specialty products, and heavy gauge foil for global HVAC OEMs, construction, and industrial customers across Asia Pacific, the Middle East, and North Africa.

Ownership category

akta.pro rank

Product category

Rolled Aluminium Manufacturing

NAICS

Aluminum Sheet, Plate, and Foil Manufacturing (331315), Other Aluminum Rolling, Drawing, and Extruding (331318)

SIC

Sheet Metal Work (3444)

akta.pro primary industry

Aluminum Rolling (Flat-Rolled Products: Sheet, Plate, Foil) (IMAKACAF)

akta.pro secondary industry

Aluminum Fabrication & Finishing (Machining, Anodizing, Coating) (IMAKACAI)

Keywords

• Rolled aluminium products
• Aluminium fin stock
• Aluminium roofing sheets
• Heavy gauge aluminium foil
• Pre-coated fin stock

Headquarters

HQ city

Selangor

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Aluminium Manufacturing and Trading: Core business generating revenue through manufacture and sale of rolled aluminium products including fin stock, building products, specialty products, and heavy gauge foil. Products are sold directly to enterprise customers in manufacturing, construction, and HVAC industries.
2. Property Development: Diversification into property development through AGB Land Sdn Bhd, with EMHub project - a commerce hub in Kota Damansara. Initial venture valued at RM500 million gross development value.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Alcom Group Berhad manufactures and sells rolled aluminium products including fin stock for HVAC heat exchangers, branded aluminium roofing and cladding profiles (Payung, 7P, COMSPAN, ALRIB), specialty products (coiled sheets, tread plate, stucco embossed coil/sheet), and heavy gauge foil (diaphragm/membrane foil, cable foil, plain/converter foil). The company also operates a property development segment through AGB Land Sdn Bhd, with EMHub as its maiden commercial project in Kota Damansara.

Product overview

ALCOM Group Berhad operates two distinct business segments: aluminium manufacturing and property development. In manufacturing, the company produces a comprehensive portfolio of rolled aluminium products spanning four product lines: (1) Fin Stock — bare and coated aluminium fin stock for air conditioning heat exchangers; (2) Building Products — a branded range of aluminium roofing and cladding profiles including Payung (corrugated sheet), 7P (trapezoidal profile), COMSPAN (wide-span profile), and ALRIB (symmetrical profile); (3) Specialty Products — coiled sheets, tread plates, and stucco embossed coils/sheets for engineering, architectural, construction, and manufacturing industries; and (4) Heavy Gauge Foil Products — diaphragm/membrane foil (FDA-approved for food packaging), cable foil for telecommunications, and plain/converter foil for tapes and containers. ALCOM's manufacturing operations are led by Aluminium Company of Malaysia Bhd (the largest manufacturer of rolled aluminium in Malaysia) and its wholly-owned subsidiary Alcom Nikkei Specialty Coatings Sdn. Bhd. (ANSC), which specializes in coated fin stock. In property development, AGB Land Sdn. Bhd. develops EMHub, a mixed-use commerce hub in Kota Damansara.

Differentiator

Problem solved

Functional benefit

Brands

• EMHub: Maiden project of AGB Land Sdn Bhd; a ramped-up commerce hub in the heart of Kota Damansara offering office, showroom and warehouse facilities.
• COMSPAN
• Payung
• 7P
• ALRIB

Products and services

• Bare Fin Stock Aluminium fin stock used by international air-conditioner manufacturers as a heat exchange mechanism in air conditioners and other heat exchange applications.
• Coated Fin Stock Pre-coated aluminium fin stock providing hydrophilic and corrosion-resistant properties for air conditioner heat exchangers, tailored to meet stringent customer requirements.
• Payung (Corrugated Roofing Sheet) Light gauge corrugated aluminium building sheet available in thicknesses of 0.25mm to 1.0mm, in 7 or 11 corrugations of 76mm each; used for livestock shelters, awnings, temporary shelters, low-cost residential buildings, and roofing insulation.
• 7P (Trapezoidal Roofing Profile) Trapezoidal profile aluminium roofing sheet available in an attractive range of colors, supplied in continuous long lengths to minimize joints; used for roofing and wall applications in factories, warehouses, and processing mills.
• COMSPAN (Wide-Span Roofing Profile) Wide-spanning aluminium profile with distinctive appearance and large robust ribs, designed to provide frequent roof traffic capability and exceptional water carrying capacity; ideal for large high-performance roofs.
• ALRIB (Symmetrical Roofing Profile) Symmetrical-profile aluminium roofing sheet with wide cover width (914mm), featuring a double capillary drain in the rib overlap for weather security; also used as insulation jacketing in power stations and chemical processing plants.
• Coiled Sheets Aluminium coiled sheets mainly used for architectural and construction applications, also for paneling, stamping, insulation, bus body, and advertisement boards; made in a wide range of alloys, tempers, and sizes.
• Tread Plate 5-bar aluminium tread plates that are strong yet lightweight, corrosion resistant, easy to clean, and slip resistant; used as platforms, flooring, walkways, decorative items, tool boxes, and vehicle floorings.
• Stucco Embossed Coil/Sheet Stucco embossed aluminium coil or sheet supplied for the production of inner freezer box, cold room internal wall, and refrigerator panels.
• Diaphragm/Membrane Foil Heavy gauge aluminium foil with lacquered surface approved by the US FDA for the food packaging industry; produced under strict cleanliness and hygiene standards.
• Cable Foil Aluminium cable foil used as a moisture barrier in the manufacture of telecommunication cables; specially made for both extrusion and lamination processes of conversion to cable wrap.
• Plain/Converter Foil Plain aluminium foil used in the manufacturing of aluminium tapes, containers, packaging materials, and other applications; supplied dry with bright surface finish on both sides for subsequent coating of heat seal or lacquer layers.
• EMHub (Commercial Property Development) Maiden project of AGB Land Sdn Bhd; a ramped-up commerce hub in the heart of Kota Damansara offering one-stop office, showroom, and warehouse facilities under one roof with an innovative multi-functional design suitable for all business needs.

Quantifiable outcome

• 95% customer retention rate demonstrating industry-leading customer satisfaction and loyalty
• +3 more outcomes

Named customers27 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Nippon Light Metal Co., Ltd. (NLM)coreTechnology or Integration · 1 January 1991Joint venture partner for ALCOM Nikkei Specialty Coatings Sdn. Bhd. (ANSC). NLM, the only fully integrated aluminium company in Japan, provided technology that made ANSC the first plant outside Japan to manufacture pre-coated fin stock. ALCOM later acquired the remaining stake in 2006, making ANSC a wholly-owned subsidiary.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Novelis: Global leader in rolled aluminium products serving beverage cans, automotive, and HVAC/packaging end markets. Was ALCOM's former parent until 2016, and remains the most direct operational comparable given overlapping rolling, coating, and downstream flat-rolled product capabilities.
• UACJ Corporation: Japan's largest rolled aluminium manufacturer producing flat-rolled products, extrusions, and fin stock for HVAC, automotive, and packaging customers across Asia. Highly comparable to ALCOM's APAC-centric business and technology heritage tied to Japanese aluminium know-how.
• Constellium: European-headquartered global supplier of rolled aluminium products for aerospace, packaging, and automotive applications. Comparable as a multi-region flat-rolled producer serving OEM customers with engineered aluminium solutions.
• Granges AB: Swedish specialist in rolled aluminium products with a heavy focus on fin stock for HVAC/heat exchangers and building products. The closest pure-play comparable to ALCOM's fin stock and building products portfolio in terms of product mix and customer type.
• AMAG Austria Metall: Austrian integrated aluminium company producing primary aluminium, cast products, and rolled sheets for automotive, packaging, and industrial customers. Closely comparable as a regional flat-rolled specialist with similar mid-scale positioning.
• Speira: European aluminium rolling and recycling business (formerly part of Norsk Hydro) supplying rolled products for automotive, packaging, and industrial uses. Comparable as a focused flat-rolled and remelting specialist serving similar downstream end markets.

Broad incumbents

• Norsk Hydro: Vertically integrated Norwegian aluminium major spanning bauxite/alumina, primary smelting, casthouse, and rolled/extruded products. Overlaps with ALCOM in flat-rolled aluminium but operates at vastly larger scale across the full value chain.
• Kobe Steel (KOBELCO): Japanese diversified materials group with an aluminium and copper rolled products division serving HVAC fin stock, automotive, and electronics. Comparable in product overlap, particularly on coated fin stock, but aluminium is one of several businesses within a much larger portfolio.
• Hindalco Industries: Indian integrated aluminium and copper major (Aditya Birla Group) with flat-rolled products serving HVAC, packaging, and construction. Comparable end-market exposure but with broader upstream integration and global scale beyond ALCOM's regional focus.

Emerging players

• Henan Mingtai Aluminum: Chinese rolled aluminium manufacturer producing sheet, coil, and foil for construction, HVAC, and packaging applications. Comparable in flat-rolled product range but with a strong China-domestic cost base and growing export presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/alcommy

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alcom Group