JFE Holdings Inc (5411.T)
22 Jun 2018
Tue, May 15 2018
TOKYO JFE Holdings Inc, parent of Japan's No. 2 steelmaker, has seen no major impact on its exports so far from new U.S. import duties on steel, but still sees U.S. trade policy as the biggest risk for the Japanese economy, its president said.
TOKYO JFE Holdings Inc, parent of Japan's second-biggest steelmaker, will spend 1 trillion yen ($9.1 billion) in the next three years mainly to upgrade ageing local mills but it also plans to step up overseas investment, its president said.
* JFE targets 280 bln bln in average annual recurring profit (Recasts with total investment plan and quotes)
* JFE HOLDINGS SAYS PLANS A TOTAL OF 1 TRILLION YEN ($9.15 BILLION) INVESTMENT OVER NEXT 3 YEARS
TOKYO JFE Holdings Inc, parent of Japan's second-biggest steelmaker, plans to spend more than 650 billion yen ($6 billion) over the next three years upgrading domestic production facilities in a bid to raise productivity and competitiveness.