Through strategic cooperation with the partners, Formosa Plastics Group had swiftly expanded its operations into the ASEAN and global steel markets

FPG's iron and steel industry mainly produce carbon steel and stainless steel hot-rolled coil products. After supplying them to downstream processing plants for processing, these products can be made into various metal products, such as bolts and nuts, molds, automobile and motorcycle mechanical parts, steel wires and cables, building structural materials, etc., have a wide range of applications.



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FPG currently has production and sales locations in Ha Tinh, Vietnam and Fujian in China, which produce carbon steel and stainless steel hot-rolled coils respectively. With the advantages of being close to the markets, FPG provides high-quality products and services to customers in Asia and other emerging countries.

In recent years, due to the increase in industrialization and urbanization in Southeast Asian countries, the development of local infrastructure has led to an increase in steel demand. FPG has also targeted at the Southeast Asian markets. In 2008, FPG launched the investment plan for the Ha Tinh Steel Plant in Vietnam. The highly-experienced China Steel Corporation also participated in the investment in this business, hoping to use the integrated production operations from ironmaking, steelmaking to hot rolling, as well as the preferential tariffs of the ASEAN Free Trade Zone, to stably supply this region and further make greater contributions to the economic development in Southeast Asia.

Key Projects

.Investment in Vietnam's Formosa Ha Tinh Steel Corporation with Taiwan's China Steel Corporation; production officially started in 2017 (Vietnam).

(FPG, Dec. 31, 2022)

Carbon Steel

Carbon steel refers to an iron-carbon alloy with a carbon content of 0.04% to 2.3%. The higher the carbon content, the more rigid and hard it gets. However, the toughness, plasticity and weldability will be affected, making it easier to break. It is thus not practical. In order to maintain toughness and plasticity, the carbon content of industrial carbon steel generally does not exceed 1.7%. In addition to iron and carbon, the main elements of carbon steel also consist of other trace elements, such as sulfur, phosphorus, silicon and manganese.

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Stainless Steel

The so-called stainless steel refers to the addition of nickel, chromium and other alloys in the steel making process to improve the original properties of carbon steel or present other special properties. It is a general term for various types of steel produced for different purposes. Owing to its excellent quality and special manufacturing method, stainless steel is a higher grade of steel material.

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