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Home Steel News Formosa Plastics Group to invest new stainless steel mill in China
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Formosa Plastics Group to invest new stainless steel mill in China

22 Aug 2007 11:38 reported by Jessica Tai

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Taiwan’s Formosa Plastic Group will invest about NT$32 billion to build up an integrated stainless steel mill in Fujian province, China by using its subsidiary company's name which been registered as Samoa.

The capacity of its production at the new plant will be about 750,000 tons, and the company plans to start the construction within this year.

Some steel business traders said once the Formosa has really started to get into stainless steel market, not only Yusco but also all other stainless steel mills in Asia will face new challenges in the future.

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