Home
Topics
The information on this Web site is presented "as is." Product availability, organization, and other content may differ from the time the information was originally posted. Changes may take place without notice. |
Kobe Steel establishes steel wire processing company in China |
January 24, 2012
TOKYO, January 24, 2012 - Kobe Steel, Ltd. announces that it has established a company in Foshan, Guangdong Province, China to make steel wire for use in high-quality springs.
The new company, called Kobelco Spring Wire (Foshan) Co., Ltd. (or KSW), will begin operations in the first half of 2013. To shorten construction time and reduce investment costs and overhead, KSW will be located within the premises of sister company Kobe Wire Products (Foshan) Co., Ltd.
KSW will receive technical assistance from Shinko Wire Company, Ltd. and Suncall Corporation for the secondary processing of steel wire rod.
KSW was established in January 2012 and is capitalized at 650 million yen. It will have a production capacity of 600 metric tons per month. The company is a wholly owned subsidiary of Kobelco Holding (China) Co., Ltd., Kobe Steel's China headquarters.
In recent years, automakers in China have been rapidly increasing production. In addition, the automobile industry, along with current exhaust gas regulations, is being pressed to reduce carbon-dioxide emissions. In the future, automakers will be required to make smaller and lighter cars, while improving engine combustion efficiency.
On this background, in China the world's major spring manufacturers have been actively adding new production lines and increasing capacity to make engine valve springs and other high-quality springs. Kobe Steel anticipates that demand for high-grade steel wire for springs made from its wire rod - highly evaluated by automakers in Japan, the United States, and Europe - will increasingly grow.
When KSW begins operating, plans call for steel wire, which is exported, to shift to local production to meet market demand for automotive springs in China. Through the establishment of KSW, Kobe Steel aims to meet the growing demand for high-quality steel wire in China. It plans to build a local supply network that can meet the market in terms of quality, competitiveness and flexibility.
Background Information Profile of Kobe Wire Products (Foshan) Co., Ltd.Location: | Foshan, Guangdong Province, China |
Established: | November 2004 |
Chairman: | Shinya Miyawaki |
Capital: | 725 million yen |
Shareholding: | Kobe Steel, Ltd. 60%, Metal One Corporation 19%, Sugita Wire, Ltd. 10.5%, Kyodo Shaft Co., Ltd. 10.5% |
Employees: | About 80 |
Business: | Manufacture and sale of CHQ wire and cold finished steel bar |
Location: | Amagasaki, Hyogo Prefecture, Japan |
Established: | March 1954 |
President: | Takanori Kominami |
Capital: | 8,062 million yen |
Shareholding: | Kobe Steel, Ltd. 30.71%, treasury shares 11.24%, Shinko Wire client stock ownership 3.77%, Metal One Corporation 3.35%, Mizuho Bank, Ltd. 2.57%, other 48.36% |
Employees: | About 800 (consolidated) |
Business: | Manufacture and sale of steel wire, wire rope and other products |
Location: | Kyoto, Japan |
Established: | June 1943 |
President & C.E.O.: | Shigetsugu Yoshida |
Capital: | 4,808 million yen |
Shareholding: | Itochu Corporation 24.98%, The Master Trust of Japan, Ltd. (Kobe Steel, Ltd.) 14.88%, treasury shares 7.08%, The Sumitomo Trust and Banking, Co., Ltd. 2.94%, Bank of Kyoto, Ltd. 2.26%, other 47.86% |
Employees: | About 2,070 (consolidated) |
Business: | Manufacture and sale of automotive parts, electronic and information-related products, and optical communication devices |
Location: | Shanghai, China |
Established: | January 2011 |
President: | Hiroshi Umeda |
Capital: | US$59.44 million (as of January 2012) |
Shareholding: | Kobe Steel, Ltd. 100% |
Employees: | 16 |
Business: | China headquarters |
distribué par | Ce noodl a été diffusé par Kobelco - Kobe Steel Ltd. et initialement mise en ligne sur le site http://www.kobelco.co.jp. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-24 03:11:54 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |