TAIPEI -- Taiwan's China Steel will raise its 5% stake in a steel mill under construction in Vietnam to 25%, pouring roughly $940 million more into the project to ensure that production there gets on track.
It will make the additional investment this April or May in Formosa Ha Tinh Steel -- a Vietnamese arm of leading Taiwanese chemical company Formosa Plastics Group -- which is building the plant. China Steel will also boost technical support for the project.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.