Taiwan’s China Steel Corporation (CSC) is investing TWD801mn ($28.6mn) in expanding its plate rolling mill. The investment will enhance the capability and capacity of the main motor, which will stabilize production schedules, operations, and improve product quality.
The outlay will also help CSC to develop high-strength steel plates and expand product lines for use in renewable energy manufactured goods and the national defense industry.
The motor upgrade will reduce electricity consumption by 1.64mn kWh annually, which translates to 835mt fewer carbon emissions at the site per year.
The motor upgrade is anticipated to start in June 2021 and be completed by December 31, 2023.
The company produced 878,997mt of carbon steel in March 2021 and 2.5mn mt in the first three months of the year, according to its April preliminary report.