Ta Chen International, a distributor of aluminum and stainless steel products, announced its US-based unit, Ta Chen Stainless Pipe, has acquired for $350 million the Texas-based Arconic facility, which was spun off from Alcoa in 2016. The deal is expected to close by the end of the year.
This is will be the first US production site for Ta Chen, with possible plans to increase American investment and production in the company’s stainless steel division. CEO Robert Shieh told reporters that Trump’s administration tariffs “have created significant benefits to manufacturing in the US.”
Ta Chen also has production facilities in China, and in light of Section 232 tariffs, is planning to invest in other US operations.