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Toho Titanium Co Ltd to Establish Joint Venture with NIPPON STEEL & SUMITOMO METAL CORPORATION

Wednesday, 4 Sep 2013 02:00am EDT 

Toho Titanium Co Ltd announced that it will establish a joint venture named NIPPON STEEL & SUMIKIN NAOETSU TITANIUM CO.,LTD., which will be engaged in the dissolution and production of titanium ingot, with NIPPON STEEL & SUMITOMO METAL CORPORATION, in middle September 2013. The joint venture will be capitalized at JPY 200 million, in which Toho Titanium will hold a 34% stake and NIPPON STEEL & SUMITOMO METAL CORPORATION will hold a 66% stake.