Yieh Phui to benefit from Yusco’s new investment in carbon steel capacity
28 Nov 2022 17:05 reported by Joy Liu
Yieh United Steel Corp. (Yusco), a leading stainless steel mill in Taiwan, announced that it would invest about NT$5.35 billion to expand the capacity of hot-rolled and cold-rolled carbon steel and add 14,600KWP solar photovoltaic power generation system to improve green energy utilization. The related construction of this project was expected to start this year, which will be supported by self-owned funds and financing from financial institutions.
Yieh Phui Enterprise Co., Ltd. (Yieh Phui), a Taiwanese leading coating steel mill in the same group as Yusco, said that the company's competitiveness will be affected after the European and the US, its major markets, successively introduce carbon fees and taxes. Therefore, Yusco’s new investment will allow Yieh Phui to have more choices in raw material procurement and raise the company’s competitiveness in the future.
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