TARIFF AVOIDANCE: Ta Chen Stainless’ US subsidiary, TCI, is the biggest aluminum wholesaler in the US with an 85% market share after two acquisitions made last year

Taipei Times
Date: Oct 03, 2018
By: Lisa Wang  /  Staff reporter

Ta Chen Stainless Pipe Co (大成不銹鋼) yesterday said it plans to acquire Alumax Mill Products Inc for US$350 million in cash to increase its aluminum manufacturing capacity in the US and bypass heavy tariffs.

The acquisition of Alumax’s Texas plant would boost Ta Chen Stainless’ aluminum capacity by 11,000 tonnes per month, the company said.

The transaction is be completed in the second quarter of next year.

“US President Donald Trump’s imposition of steel and aluminum tariffs was a catalyst for this deal,” Ta Chen Stainless president Robert Shieh (謝榮坤) told a media briefing in Taipei.    [FULL  STORY]