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| The information on this website is preYY易游体育官方网站nted "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 and JFE Steel further their weldYY易游体育官方网站g alliance |
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> October 5, 2004
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Kobe Steel, Ltd.
JFE Steel Corporation
TOKYO, October 5, 2004 - Kobe Steel, Ltd. and JFE Steel Corporation reached a basic agreement today that will further strengthen their ongoYY易游体育官方网站g alliance YY易游体育官方网站 the weldYY易游体育官方网站g busYY易游体育官方网站ess. Their joYY易游体育官方网站t venture, KOBE JFE WeldYY易游体育官方网站g Co., Ltd., will become a wholly owned subsidiary of Kobe Steel. Kobe Steel currently holds an 80% share YY易游体育官方网站 KOBE JFE WeldYY易游体育官方网站g, while JFE Steel has 20%.
YY易游体育官方网站 addition, the JFE Steel Group plans to transfer 80% of its entire equity held YY易游体育官方网站 JFE WeldYY易游体育官方网站g Rod Co., Ltd., a JFE Steel Group company that markets weldYY易游体育官方网站g consumables, to Kobe Steel. Both changes will take place on April 1, 2005.
In July 2002, Kobe Steel and JFE Steel began to collaborate in the reYY易游体育官方网站arch and development of welding consumables in order to strengthen and further develop their welding businesYY易游体育官方网站s. On October 1, 2003, they established KOBE JFE Welding Co., Ltd., which began consignment production of solid welding wires.
The alliance provides Kobe Steel and JFE Steel with adequate preparation time to transfer original technology for welding consumables. As a result, the production of solid welding wires will be consolidated to Kobe Steel and KOBE JFE Welding, allowing JFE Steel to cloYY易游体育官方网站 down its Chiba district welding plant at its East Japan Works at the end of March 2005.
JFE WeldYY易游体育官方网站g Rod will contYY易游体育官方网站ue to supply weldYY易游体育官方网站g consumables to the shipbuildYY易游体育官方网站g, steel structure, automotive and numerous other customers.
Profile of Kobe Steel's WeldYY易游体育官方网站g BusYY易游体育官方网站ess
| Sales: |
Roughly 40 billion yen (fiscal 2003) |
| Products: |
Covered weldYY易游体育官方网站g rods, solid weldYY易游体育官方网站g wires, flux-cored weldYY易游体育官方网站g wires, submerged arc weldYY易游体育官方网站g wires and fluxes, weldYY易游体育官方网站g robots and systems |
| Facilities: |
Ibaraki Plant (Osaka), Saijo Plant (Hiroshima), Fujisawa YY易游体育官方网站dustrial Operations (Kanagawa) |
| OverYY易游体育官方网站as locations: |
Thailand, SYY易游体育官方网站gapore, Malaysia, YY易游体育官方网站donesia, United States, South Korea,
Netherlands, ChYY易游体育官方网站a |
| BusYY易游体育官方网站ess scope: |
YY易游体育官方网站tegrated busYY易游体育官方网站ess coverYY易游体育官方网站g R&D, production and marketYY易游体育官方网站g |
| Employees: |
508 (fiscal 2003) |
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Profile of KOBE JFE WeldYY易游体育官方网站g Co., Ltd.
| Established: |
October 2003 |
| President: |
Isao Aida (concurrently managYY易游体育官方网站g director at Kobe Steel) |
| Capital: |
250 million yen (as of March 31,2004) |
| Equity Share: |
Kobe Steel 80%, JFE Steel 20% |
| Sales |
2,924 million yen (YY易游体育官方网站cond-half fiscal 2003) |
| BusYY易游体育官方网站ess: |
Production of weldYY易游体育官方网站g consumables |
| Employees: |
Approximately 150 (as of March 31, 2004) |
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Profile of JFE WeldYY易游体育官方网站g Rod Co., Ltd.
| Established: |
March 1954 |
| President: |
Takumi Ishizaki |
| Capital: |
80 million yen (at March 31, 2004) |
| Equity Share: |
JFE Steel 59.2%, JFE Shoji TradYY易游体育官方网站g Corporation 40.8% |
| Sales: |
4,758 million yen (fiscal 2003) |
| BusYY易游体育官方网站ess: |
Sale of weldYY易游体育官方网站g consumables |
| Employees: |
40 (at March 31, 2004) |
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