Walsin to build stainless steel wire rod plant in Indonesia

Walsin's board resolved to increase capital of its Singapore subsidiary by $9.15 million to build a stainless steel wire rod plant in Morowali Industrial Park, Indonesia. The plant will produce 300-series stainless steel wire rods with an annual capacity of 300,000 mt, expected to be completed in Q2 2026 and start mass production in H1 2027.

“The board of directors of Walsin has resolved to increase the capital of its Singapore subsidiary... for PT. Walsin Everising Specialty Steel Indonesia to plan and build a stainless steel wire rod plant in Indonesia.”news.metal.com

• 1 source
• news.metal.comSMM News Flash: Walsin Boosts Capital of Singapore Subsidiary to Build Stainless Steel Wire Rod Plant in Indonesia - Shanghai Metals Market (SMM)Shanghai Metals Market (SMMNov 12, 2024

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