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Home Steel News E United Group to invest ferronickel plant in Indonesia
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E United Group to invest ferronickel plant in Indonesia

23 Mar 2018 17:13 reported by Joy Liu

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E United Group to invest ferronickel plant in Indonesia
There were three subsidiary companies under the E United Group, including Yieh Phui Enterprise Co., Ltd., Yieh United Steel Corp. (Yusco) and Yieh Mau Corp., which participated PT. E-United Ferro Indonesia (PT.EFI). E United Group expected to invest US$120 million in the first year and the annual output of stainless steel billet would reach 670,000 tons.

Yieh Phui expressed that the output of the steel plant would partially provide to Yieh Hsing Enterprise Co., Ltd., one of Yusco's subsidiaries. This might decrease the raw material cost and enhance the product competitive advantage. As for more plant expansion, it depended on the future market demand.

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