An Feng Steel () is a steel maker of

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocea ...

. Its manufacturing factory is located in

Kaohsiung Kaohsiung, officially Kaohsiung City, is a special municipality located in southern Taiwan. It ranges from the coastal urban center to the rural Yushan Range with an area of . Kaohsiung City has a population of approximately 2.73 million p ...

. The company was established in 1986 by , and managed under the An Feng Steel Group (安鋒集團). It was the second largest steel company in Taiwan, but broke out a

financial crisis A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with Bank run#Systemic banki ...

in 1998. According to the records announced by banks of Taiwan, An Feng Steel is already left behind much more than 1.17 billion

New Taiwan Dollar The New Taiwan dollar (code: TWD; symbol: NT$, also abbreviated as NT), or simply the Taiwan dollar, is the official currency of the Republic of China (Taiwan). Usually, the $ sign precedes the amount, but NT$ is used to distinguish from othe ...

s in

bad debt In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to ...

.呆帳大戶／長億、安鋒、月眉…熟面孔　台銀311億受傷重
, ETtoday

References

Steel companies of Taiwan Manufacturing companies based in Kaohsiung Taiwanese companies established in 1986 {{manufacturing-company-stub

See also

References