Tatung Steel Strengthens U.S. Stainless Steel Pipe Production Capacity with $10 Million Tennessee Facility Acquisition

Tatung Steel (2027-TW) announced today (15th) that it has invested $10.886 million (approximately NT$326 million) to acquire land and factory buildings in Tennessee, USA, transitioning from leased to owned property to secure local production capacity for stainless steel pipe products in the United States.

Through its subsidiary Bristol Pipe and Tube, Inc., Tatung Steel acquired the real estate located at 390 Bristol Metals Road, Bristol, Tennessee 37620 from Store Master Funding XII, LLC, including a 297,600 square-foot building and 60.8 acres of land.

Bristol Metals is understood to be a company specializing in the manufacturing and distribution of stainless steel and aluminum coils. In early March this year, Tatung Steel's subsidiary invested $45 million (approximately NT$1.35 billion) to indirectly acquire Bristol Metals' main assets and operational liabilities.

The Tennessee facility involved in this transaction has a designed production capacity of 2,000 metric tons per month. Previously operating on leased land, Tatung Steel decided to purchase the property outright to secure local stainless steel pipe production capacity in the U.S. The acquisition is expected to save approximately $60,000 (about NT$1.8 million) in monthly rental expenses.