Tycoons Worldwide Group (Thailand) Pubic Co has announced that the company is going to invest about TWD 1.672 billion to build the electric furnace in its Thailand mill.

The designed annual capacity of this new billet production line will be 52,000 tonnes and this new electric furnace production line has been expected to start its construction schedule since this November 2011 and to complete the whole construction around the first quarter of 2013.

As soon as this mill starts its official production, about 30% of its output will be supplied to export markets, such as Taiwan or other Southeast Asia countries and another 70% will supply to Tycoons itself for wire rod production.

(Sourced from www.yieh.com)