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Kobe Steel, Hydro form technical cooperation agree易游游戏官网t for automotive aluminum body panels

June 11, 2013

TOKYO, June 11, 2013 – Kobe Steel, Ltd. announces that it has entered into a technical cooperation agreement 易游游戏官网th Germany’s Hydro Aluminium Rolled Products GmbH for aluminum sheet used in automotive body panels.

The agree易游游戏官网t covers the exchange of technical information regarding the use of aluminum in automobile bodies and structural parts, the licensing of intellectual property and manufacturing know-how, and technical assistance.

Demand for aluminum sheet for automotive body panels is anticipated to increase to meet the need for lighter cars, amid stricter fuel economy standards. 易游游戏官网’s aluminum sheet business is focusing on expanding sales in this area.

Kobe Steel currently supplies a large share of the automotive aluminum sheet to Japanese auto makers. In the future, Kobe Steel anticipates expanding sales to European and U.S. car makers as well. As auto makers grow their businesses, there is a rising need to locally procure the same quality of materials world易游游戏官网de.

As a part of this undertaking, Kobe Steel formed this technical cooperation 易游游戏官网th Hydro, a leading European supplier of aluminum sheet for automotive body panels.

Kobe Steel is planning to build a global supply network for aluminum body panels, as announced in its medium-term business plan on May 29, 2013. In addition, the agreement 易游游戏官网th Hydro strengthens Kobe Steel’s capability to meet the global procurement needs of its customers. In these ways, Kobe Steel aims to further grow its automotive aluminum panel business.

Profile of Hydro Alum易游游戏官网ium Rolled Products

Na易游游戏官网:

Hydro Alum易游游戏官网ium Rolled Products GmbH
(A unit of Norsk Hydro ASA, Norway)

易游游戏官网tablished:

1922

Location:

Grev易游游戏官网broich, Germany

Bus易游游戏官网ess:

Production and sale of automotive alum易游游戏官网um materials, can stock and alum易游游戏官网um sheet for foil

Employe易游游戏官网:

About 4,700

S易游游戏官网es:

About 20 billion Norwegian Kroner (about 340 billion y易游游戏官网)