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Acerinox to build steel plants in Asia and Europe

Friday, 11 June 2004 11:48:30 (GMT+2)   -  

Tags: stainless , stainless , Indonesia , Philippines , S. Africa , Malaysia , Poland , Singapore , Africa , Europe , Southeast Asia , investments , distribution | similar articles » SteelOrbis News

According to recent news in the market, Spanish stainless steel producer Acerinox plans to build steel plants in Malaysia and Poland to have share in Asian and Eastern European markets. The investments to Malaysia and Poland are stated to be worth $13 million. Moreover, Acerinox reportedly invest $240 million to upgrade its facilities in US and South Africa. Acerinox has 25% stake in Yick Hoe Metal in Malaysia and now the company will invest to build a distribution center in the country, the sales of which will be made into Indonesia, Singapore, Philippines and Vietnam, as well as to Malaysia.
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