By Kuo Chia-erh / Staff reporterChina Steel Chemical Corp’s (CSCC, 中碳) new carbon materials plant in Pingtung County began operations yesterday, with the company eyeing business opportunities in the emerging electric vehicle (EV) market. Once fully operational in the second half of this year, the two new lines would boost its annual capacity from 5,000 tonnes to 7,500 tonnes, CSCC said. CSCC said that it hopes to catch up with global trends, as many countries have pledged to phase out fossil-fuel-powered cars. The company is upbeat about this quarter’s sales outlook, due to higher crude oil prices compared with same period last year, it said. CSCC also expects to benefit from increasing output at Formosa Ha Tinh Steel Corp (台塑河靜鋼鐵), a joint venture between CSC and Formosa Plastics Group (台塑集團), it said.

Source: Taipei Times March 15, 2018 15:56 UTC