Feng Hsin Steel Co., Ltd., one of the major electric furnace mills in Taiwan, has invested NT$3.25 billion to acquire 73,000 pings of land in Changhua Coastal Industrial Park. The move is mainly to prepare for a future plant relocation due to the current aging steel section and bar mill equipment.

While the company confirms the equipment's age and the land purchase as future preparation, specific relocation timelines remain unannounced.

The acquisition, costing roughly NT$43,000 per ping, showed Feng Hsin's long-term investment in modernizing its production facilities in response to the future product quality upgrade, product portfolio diversification, long-term low-carbon production, the vision of building a green circular economy.