Acerinox to build steel plants in Asia and Europe
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.