8/28/2009
NEWS BRIEFS
Kobe Steel’s subsidiaries processing automotive bars and wires in Thailand has begun to restore production, Japan Metal Daily reports.
Kobe CH Wire Co., which processes CHQ wire for automotive nuts and bolts, reportedly doubled its monthly production to 2,000 tons during both June and July, up from the record low production level of 1,000 tons reached in February.
Mahajak Kyodo Co., which processes polished bar for suspension springs, has also doubled its monthly production to 1,000 tons.
Those levels represent a restoration of 60% of capacity compared with monthly average production during 2008.
In early 2008 Tokyo-based Kobe Steel Ltd. established a 2.6 billion yen (US$22.9 million) joint venture called Kobe Special Steel Wire Products Co. Ltd. to process special steel wire rod in Pinghu, Zhejiang Province in China. The venture, which includes participation by Shinsho Corp. (30%) and steel processors Osaka Seiko Co. Ltd. (10%) and Meihoku Kogyo Co. Ltd. (10%), turns special steel wire rod into cold heading quality (CHQ) steel wire for use in high-strength automotive nuts and bolts. The processed wire is supplied to Japanese automotive parts manufacturers in China. ©2009 GlobalFastenerNews.com
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