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KANEMITSU CORP to establish joint venture in Indonesia

Friday, 11 Jul 2014 03:10am EDT 

KANEMITSU CORP:To establish joint venture (JV) in Indonesia with PT.SETIA GUNA SEJATI and JFE SHOJI TRADE in November.Says JV to be capitalized at $1,600,000 and engaged in production and sale of steel sheet artefact, pulley made by steel sheet and jig.To hold 48 pct stake in the JV, PT.SETIA GUNA SEJATI to hold 49 pct stake and JFE SHOJI TRADE to hold 3 pct stake. 

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