It is reported that Taiwan’s Walsin Lihwa is going to invest USD 700 million at Wujin in Changzhou in China to build up its new stainless plant. The construction project will be started in October and it will be commissioned in 2011.

The Wujin plant will produce both stainless steel flat and long products including steel plate, round bar and wire products. Also, Wujin plant will be the company’s largest steel plant in China and will become the company’s head office in China.

Walsin Lihwa now has four stainless steel plants in China which located in Baihe, Shanghai; Changshu, Jiangsu, Yantai, Shantung and the new steel plant in Wujin, Changzhou.