The 11th meeting of the 15th Board of Directors of China Steel Corporation (CSC) was held on December 23, 2014. Major items of the agenda adopted were:

1. Purchase of the land and buildings of LCY Chemical Corporation
The meeting agreed to buy the land and buildings of LCY Chemical Corporation located at Siaogang District of Kaohsiung with total price of NT$937 million for planning to establish a plant of commercial ethanol. The annual production capacity of ethanol planned will be 100 thousand metric tons which will meet high-value-fuel purpose, give benefits and be conducive to CSC's jobs for energy saving and CO2 reduction.

2. Selling a CSC's building to Steel Precision Metal Industry Co., Ltd.
The meeting agreed to sell a CSC's building to Steel Precision Metal Industry Co., Ltd. with total price of NT$125,537,430 as a finishing line plant for CSC's contract-out processing titanium/nickel/stainless steel medium and heavy plates.


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