Posted on 06 Aug 2019
The reason why Indonesia had been chosen was because of one the rich natural material in Indonesia, laterite nickel ore, which was also the key material for stainless steel.
To reduce the producing cost, the best way was to complete one-stop production from upstream to downstream, and that would push Taiwanese stainless steelmakers back to the market again.
The investment amount was expected to cross over NT$20 billion.