Kobe Steel to spin out power unit, invest ¥50B in high-tensile steel facility

摘要

Kobe Steel Ltd. is planning to invest ¥50 billion to boost output of hightensilernsteel in Japan amid rising demand from automakers, Reuters reportedrnApril 4.rnThe company will build a new production line at its Kakogawa works inrnwestern Japan to raise annual output capacity of automotive steel sheet byrn240,000 tonnes. The new facility is expected to start operations in Februaryrn2021, according to the report.