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CSC Kicks Off Construction of Auto-parts Factory in Taiwan

Jun 05, 2014 | By CENS

China Steel Corp. (CSC), a major steelmaker in Taiwan, recently broke ground for the construction of an auto-parts plant, marking its entry into the new business.

The factory will be operated by Hot Stamping Auto Parts Corporation, a joint venture between CSC (30% stake), Engley Auto. Parts Co., Ltd. (a Taiwanese auto-parts maker with manufacturing operation in China, 40% stake), and local partners K.S. Terminals Inc. (15%) and Chang Yee Steel Co., Ltd. (15%).

CSC said that its other auto-parts venture set up with Engley in Changchun, Jilin Province of China, is expected to simultaneously kick off production with the Taiwanese factory in June 2015. Both factories will focus on producing hot-stamped chassis parts.

The steel maker said that China has become the world's largest automobile market with annual new-car sales volume of more than 22 million units (in 2013), and the two joint ventures will drive CSC's entry in the auto-parts business in Taiwan and China.

The new factory in Taiwan will have both R&D and manufacturing capacity, while the counterpart in Changchun will supply Chinese automakers. If all goes as planned, in June 2015, the two factories will together have annual capacity of four million pieces, and as many as seven million in the future.

Engley is an A-class original equipment (OE) auto-parts supplier in China, supplying about 75% of seatbelts used by China's largest automaker FAW Group. The Taiwanese capitalized company has strong technical capability, and has won German automaker Audi's order for vehicle structural parts.


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