# New Best Wire to invest NT$500M in Suzhou plant expansion

New Best Wire Industrial Co., Ltd. will invest approximately NT$500 million to expand its production base in Suzhou, China, adding two STC furnaces and intelligent warehousing systems to increase capacity by 30%.

- Type: Expansion
- Announced: 2025-08-25
- Where: Suzhou, China
- Value: $15.6M (500.0M TWD)
- Starts operating: 2027
- Status: announced
- Capacity: 13,000 tons per month
- Products: wire
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [New Best Wire Industrial Co., Ltd.](https://endata.com/companies/86825.md)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/103496315-smm-steeltaiwans-new-best-to-invest-nt500-million-in-suzhou-plant-expansion), 2025-08-25: "The project is expected to be completed within two years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.