14
Apr
07:03
Walsin Lihwa controls Sunny Metal, sets income record
Taiwanese steel manufacturer Walsin Lihwa has decided to obtain 50.1% equity of PT. Sunny Metal Industry in Indonesia from Tsingshan’s Ever Rising Limited and Berg Holding Limited, Kallanish notes.
The $200 million purchase will allow Walsin Lihwa to control Sunny Metal’s nickel matte plant and power plant in Indonesia Weda Bay Industrial Park.
Sunny Metal is constructing four rotary kiln electric furnaces (RKEFs) and a 380 MWh power plant. Started fr…
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Very good overview of the weekly steel market.
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