Last week Anzo, its subsidiaries and CSTME inked an agreement to supply copper scrap to a large group in South Korea. CSTME agreed to buy birch/cliff copper scrap or berry/candy copper scrap from Anzo for over 40 months. Anzo told the stock exchange it will supply up to 60,000 metric tonnes of copper scrap to CSTME at RM23,000 per metric tonne during the contract period.

CSTME said it will buy the products from Anzo and export them to South Korea, effective July 1.

Datuk Eddie Chai, MD, Anzo Holdings

Anzo said this deal is expected to strengthen its trading business for sustainable earnings in a long period. The deal will also create business opportunities in the international export market for Anzo, which has been looking to diversify its income stream as its current business that includes property development has not been doing so well because of weak market conditions.

Let's hope that the whole world will prosper and pick up their paces as good as Anzo did. By doing so, more job openings will open up, for both local and foreign workforce, thus will boost the economy. 

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