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KOBE STEEL, JFE TO TIE UP IN WELDING MATERIALS TO CUT COSTS.

AsiaPulse News

| May 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, May 1 Asia Pulse - In an effort to reduce costs, Kobe Steel Ltd. and JFE Steel Corp. plan to tie up in welding materials by consolidating their production facilities and jointly developing new products, The Nihon Keizai Shimbun learned Wednesday.

The alliance will fall outside Kobe Steel's capital tie-up with Nippon Steel Corp. (TSE:5401) and Sumitomo Metal Industries Ltd. (TSE:5405) in steel products.

Kobe Steel, which ranks first in the domestic market for welding materials, aims to strengthen its business to counter a ...

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Source: HighBeam Research, KOBE STEEL, JFE TO TIE UP IN WELDING MATERIALS TO CUT COSTS.

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