# 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.

- Type: New facility
- Announced: 2024-11-12
- Where: Morowali Industrial Park, Indonesia, Indonesia
- Value: $9.15M
- Starts operating: Q1 2027
- Status: announced
- Capacity: 300,000 mt per year
- Products: 300-series stainless steel wire rods
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Walsin Lihwa Corporation](https://endata.com/companies/48526.md)
- [Walsin Singapore Pte. Ltd.](https://endata.com/companies/80899.md) (investor)
- [PT. Walsin Everising Specialty Steel Indonesia](https://endata.com/companies/80900.md) (target)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/103034207-smm-news-flash-walsin-boosts-capital-of-singapore-subsidiary-to-build-stainless-steel-wire-rod-plant-in-indonesia), 2024-11-12: "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."

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