Walsin Lihwa approved to acquire Italian CAS
2022-10-19 18:05:43 [Print]
The proposal that Walsin Lihwa of Taiwan, China spent EUR225 million to buy 70% equity of Cogne Acciai Speciali (CAS), a European stainless steel rod and wire manufacturer was approved by the Italian cabinet head for mergers and acquisitions in specific industries recently.
CAS, with an annual production capacity of about 220,000 tons, is a large Italian stainless steel rod and wire plant, and has sales bases in 15 countries around the world. At present, Walsin Lihwa's annual stainless steel production capacity on Taiwan and mainland China is more than 500,000 tons. After the acquisition for CAS, its annual production capacity will increase to over 700,000 tons. At that time, Walsin Lihwa will become the leader in the global stainless steel bar and wire market.
CAS, with an annual production capacity of about 220,000 tons, is a large Italian stainless steel rod and wire plant, and has sales bases in 15 countries around the world. At present, Walsin Lihwa's annual stainless steel production capacity on Taiwan and mainland China is more than 500,000 tons. After the acquisition for CAS, its annual production capacity will increase to over 700,000 tons. At that time, Walsin Lihwa will become the leader in the global stainless steel bar and wire market.
