Kobe Steel Cancels Chinese Joint Venture for Aluminum Coil and Sheet Production
Posted on January 25, 2013 at 01:32 AM EST
KOFU, JAPAN--January 25, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Kobe Steel Limited (TSE:5406) (Tokyo, Japan) has terminated the letter of intent for an aluminum joint venture to produce aluminum coil and sheet in China. Kobe Steel announced on December 25, 2012, that it will terminate the deal with Jiangsu ALCHA Aluminum Company Limited (SHE:002160) (Jiangsu, China).
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