Japan's Kobe Steel Forms JV With Chinese Partner

Newswire

By Yuka Obayashi TOKYO, Oct 17 (Reuters) - Japan's Kobe Steel Ltd is teaming up with a local partner to build a plant in China costing some 1.75 billion yuan ($287 million), aiming to meet growing demand for automotive sheet steel. Kobe Steel's decision to form a joint venture with China's Angang Steel Co Ltd comes as the latest move in a global expansion by Japanese steel makers aiming to increase their presence in growing markets such as China, the world's top ...

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