Tycoons Group, one of the major wire and fastener manufacturers in both Taiwan and Thailand market, said it will increase investment value by about NT$870 million on its Thailand's electric furnace project in order to supply for Thailand market's demand.
This new increasing investment will help its Thailand electric furnace's annual billet capacity to rise from 500,000 tons to become 700,000 tons.
Tycoons Group's believed this investment will help them to cut the payback time.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65590&division=A9
