Walsin Lihwa’s Italian subsidiary Cogne Acciai Speciali (CAS) signed an agreement with Finnish stainless steel company Outokumpu AB on March 31 to acquire 2 steel rolling mills from the latter.

The 2 steel rolling mills acquired by CAS are respectively located in Degerfors and Storfors in Sweden. As they have been producing stainless steel round billets, hot rolled bars, and peeled bars for about 50 years, the acquisition is expected to help Walsin Lihwa strengthen its production efficiency, provide nearby service to customers in North Europe and the Baltic Sea area, and further consolidate the company’s leadership in the market of stainless steel long products.