Walsin Lihwa targets regional growth with new plant in Indonesia
Thursday, January 9 2025 - 07:22 AM WIB
Taiwan-based stainless steel giant Walsin Lihwa is set to bolster its presence in Southeast Asia with the establishment of a stainless steel wire rod plant in Indonesia. The facility is slated to begin mass production in 2027 with an annual capacity of 300,000 tons, targeting markets in Southeast and South Asia, steelradar.com reported on Wednesday.
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This Indonesian plant is part of Walsin Lihwa's broader strategy to enhance regional growth and meet increasing demand for stainless steel products in Asia. The move aligns with the company’s efforts to expand its production footprint and strengthen its competitive edge in the global market.
In addition to its plans in Indonesia, Walsin Lihwa is expanding its investments in Europe, including its Italian stainless steel subsidiary, Cogne Acciai Speciali S.p.A. (CAS), as part of its diversified growth strategy.
Editing by Alexander Ginting