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13 Jan
05:59

Walsin cooperates with Tsingshan on Indonesia nickel investment

Taiwanese stainless steel company Walsin Lihwa plans to invest in nickel pig iron and power plants in Indonesia's Sulawesi with mainland China's Tsingshan and local companies. This is in order to stabilise its raw material supply for stainless steel, Kallanish notes. The company's board of directors plans to establish Walsin Nickel in Sulawesi with registered capital of $100 million. Walsin Lihwa will invest $50 million in the compa…
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