15
Sep
10:58
Taiwan’s Froch to set up Moroccan subsidiary
The board of Taiwan’s Froch Enterprise Co., Ltd. has approved a plan to set up Froch Africa Co., Ltd. for investment in Morocco, Kallanish learns.
Froch intends to invest $30 million into the subsidiary and achieve absolute control over it. The investment amount accounts for 8.73% of the company’s assets, or about 95.3% of working capital according to its latest financial report.
Froch hopes to serve its regular European customers more conveniently wi…
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Anonymous
Very good overview of the weekly steel market.
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