23
Feb
00:00
Taiwan's CSC ups Vietnam stake
Taiwan’s China Steel Corporation (CSC) plans to increase its investment in the Formosa Ha Tinh greenfield steelworks project in Vietnam to 25%. The project is led by Taiwan’s Formosa Plastics Group, which was previously wooing Japan’s JFE Steel for investment in the project.
The 10.5 million tonnes/year flats mill is due to commission its first 2.5m t/y of capacity in August. CSC has approved a $939m investment for another 20% of the $10 bi…
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