KOBE STEEL: SETTING UP JOINT VENTURE IN INNER MONGOLIA, INVESTING ￥40 BILLION TO INSTALL ALUMINUM SHEET PRODUCTION LINE

摘要

Kobe Steel, Ltd. announced on December 21, 2011 that it has reached agreement with Jiangsu ALCHA Aluminum, China, to establish a business tie-up. The two firms will set up a joint venture in Baotou, Inner Mongolia, to produce and sell aluminum sheets.Paid-up capital of the joint venture expected to be established in January 2013 is 2 billion yuan, or approximately ￥24 billion, and will be owned 80% by Kobe Steel and 20% by ALCHA.