Taiwanese stainless steelmaker YC INOX stated that in response to the capital needs of the Turkish subsidiary YC INOX TR Celik Sanayi ve Ticaret for the second phase of plant construction, machinery equipment, and other necessary financial equipment purchases, the board decided to increase the capital by TRL 820 million (TWD 1.365 billion).After more than three years of construction, YC INOX's Turkey factory produced the first stainless steel pipe on April 26 this year, although the Covid-19 epidemic broke out during this period and the plant contracting plan was affected.The Turkish subsidiary is 100% invested by YC INOX, with a total investment of approximately TWD 6.658 billion, accounting for 35.36% of the company's total assets in the latest financial statement, and 63.22% of the company's latest financial statement attributable to the owner's equity.Founded in 1973, YC INOX started out as a Taiwanese company with an ambitious vision of becoming an international stainless steel products manufacturer. It offers a wide range of stainless steel welded pipe, tube, angle, flat bar, sheet, plate, and coil products.
Taiwanese stainless steelmaker YC INOX stated that in response to the capital needs of the Turkish subsidiary YC INOX TR Celik Sanayi ve Ticaret for the second phase of plant construction, machinery equipment, and other necessary financial equipment purchases, the board decided to increase the capital by TRL 820 million (TWD 1.365 billion).After more than three years of construction, YC INOX's Turkey factory produced the first stainless steel pipe on April 26 this year, although the Covid-19 epidemic broke out during this period and the plant contracting plan was affected.The Turkish subsidiary is 100% invested by YC INOX, with a total investment of approximately TWD 6.658 billion, accounting for 35.36% of the company's total assets in the latest financial statement, and 63.22% of the company's latest financial statement attributable to the owner's equity.Founded in 1973, YC INOX started out as a Taiwanese company with an ambitious vision of becoming an international stainless steel products manufacturer. It offers a wide range of stainless steel welded pipe, tube, angle, flat bar, sheet, plate, and coil products.
