Home / Metal News / Aluminium / Kobe Steel to Spend $484 Million for Aluminum Business Expansion 
Kobe Steel to Spend $484 Million for Aluminum Business Expansion 
May 10,2017 15:54CST
company news
Source:SMM
Kobe Steel announced on Wednesday that it will spend $484 million to expand aluminum business so as to meet growing demand from automakers, wenhua.com reported.

SHANGHAI, May 10 (SMM) –Kobe Steel announced on Wednesday that it will spend $484 million to expand aluminum business so as to meet growing demand from automakers, wenhua.com reported.

The company will buy 50% stake in an aluminum smelter in Ulsan, South Korea, for $315 million. The smelter produces 300,000 tonnes of cold-rolled aluminum annually. 

Besides, the company will invest another JPY 20 billion to add one production line at Moka aluminum smelter in north Tokyo to produce automotive panel materials. The new production line will expand annual capacity at Moka by 100,000 tonnes.   

Chalco: China to Slash Aluminum Production during Winter Heating Season

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Kobe Steel

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn