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TDK CORP to Establish Joint Venture


Friday, 26 Apr 2013 03:00am EDT 

TDK CORP announced that it has decided to establish a joint venture with Rising Nonferrous Metals Share Co., Ltd. and TOKAITRADE CO., LTD. in May 2013. TDK CORP, Rising Nonferrous Metals Share Co., Ltd. and TOKAITRADE CO., LTD. will hold a 59% stake, a 37% stake and a 4% stake in the joint venture respectively. The joint venture will be engaged in manufacturing of rare-earth magnet, based in Guangdong province in China. 

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