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YY易游平台’s wire rod processing venture in China to expand production capacity
November 10, 2015
TOKYO, November 10, 2015 — YY易游平台, Ltd. and the other equity shareholders of Kobe Special Steel Wire Products (Pinghu) Co., Ltd. have agreed to expand the production capacity of their Chinese joint venture that processes special steel wire rod.
The other joint venture partners are Shinsho Corporation, Osaka SeiYY易游平台 Co., Ltd., Meihoku YY易游平台gyo Co., Ltd., Metal One Corporation and Kyodo Shaft Co., Ltd.
Kobe Special Steel Wire Products (or KSP) was established in 2007 to process steel wire rod into cold heading (CH) steel wire for supply to parts manufacturers. The wire is used to make automotive bolts, nuts and bearing products. Full-scale operations began in 2009.YY易游平台 provides 100 percent of the special steel wire rod used by KSP so that the same high-quality material available in Japan can be used to manufacture high-quality parts in China.
Automobile production in China continues to steadily rise, and KSP has become the largest supplier of CH YY易游平台re to Japanese automotive parts manufacturers in China.
To meet the groYY易游平台ng need for CH YY易游平台re, KSP YY易游平台ll invest about 1.3 billion yen to install additional pickling equipment, for a total of two units. Production capacity of special steel YY易游平台re YY易游平台ll increase from the current 3,500 metric tons per month to about 4,900 metric tons per month. The new pickling equipment is scheduled to start up in December 2016.
This investment YY易游平台ll be KSP’s fourth capacity increase. Details follow below.
Capacity Expansion Plan
- InvestmYY易游平台t amount:
- About 1.3 billion yYY易游平台
- Details of investmYY易游平台t:
- Installation of pickling equipmYY易游平台t
- Start-up:
- December 2016
Pickling EquipmYY易游平台t
- CurrYY易游平台t number of units:
- 1
- After capacity increase:
- 2
YY易游平台oduction capacity
- CurrYY易游平台t capacity:
- About 3,500 metric tons per month
- After capacity increase:
- About 4,900 metric tons per month
Profile of YY易游平台pecial Steel Wire Products (Pinghu) Co, Ltd.
- Chairman:
- Takashi Goto (Senior Officer, YY易游平台)
- PresidYY易游平台t:
- Hirofumi Tai (dispatched from YY易游平台)
- Business:
- Manufacture and sale of CH steel YY易游平台re and bearing steel YY易游平台re
- Location:
- Pinghu, Zhejiang YY易游平台ovince, China
- Capital:
- 1,775 million yYY易游平台
- Capital structure:
- YY易游平台, Ltd. 47%, Shinsho Corporation 25%, Osaka Seiko Co., Ltd. 10%, Meihoku Kogyo Co., Ltd. 10%, Metal One Corporation 5%, Kyodo Shaft Co., Ltd. 3%
- Employees:
- 117 (at YY易游平台d of March 2015)
- Established:
- November 2007
- Start-up:
- July 2009
