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Kobe Steel Ltd (KBSTY.PK)

KBSTY.PK on OTC Markets Group

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Wed, May 10 2017

Japan's Kobe Steel to spend $484 million to strengthen aluminum business

TOKYO Kobe Steel Ltd said on Wednesday it will spend about 55 billion yen ($484 million) to expand its aluminum business, buying 50 percent of a plant in South Korea and building a new facility in Japan, to meet growing demand from car makers.

Japan's Kobe Steel to spend $484 mln to strengthen aluminium business

TOKYO, May 10 Kobe Steel Ltd said on Wednesday it will spend about 55 billion yen ($484 million) to expand its aluminium business, buying 50 percent of a plant in South Korea and building a new facility in Japan, to meet growing demand from car makers.

BRIEF-Novelis enters joint venture with Kobe Steel in South Korea

* Novelis enters joint venture with Kobe Steel In South Korea

BRIEF-Kobe Steel to boost construction machinery output in US-Nikkei

* Kobe steel will ramp up construction machinery production in south carolina to prepare for increase in infrastructure projects

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