JFE Shoji invests in Indonesian steel wire drawing company

Friday, 26 August 2016 17:04:38 (GMT+3)   |   Istanbul
       

Japan-based JFE Shoji Trade Corporation has announced that it has invested in Indonesian steel wire drawing company P.T. Mega Pratama Ferindo (MPF) through acquiring shares.
 
According to JFE Shoji’s statement, this investment will enable JFE Shoji to not only supply wire rods produced by JFE Steel for MPF, but in addition to construct a whole supply chain for processing cold drawn wire in Indonesia and also to supply to the export market. Furthermore, through this investment, JFE Shoji will enhance its abilities and functions in order to meet the needs of its customers, especially those of Japanese automobile-related companies in Indonesia.

Similar articles

Iskenderun-based Turkish mill revises its rebar price

29 Mar | Longs and Billet

Turkish official merchant bar export prices move sideways

29 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Wire rod prices in Taiwanese domestic market - week 13, 2024

29 Mar | Longs and Billet

Domestic rebar prices in Taiwan - week 13, 2024

29 Mar | Longs and Billet

US domestic wire rod prices still soft

28 Mar | Longs and Billet

Wire rod consumption in Mexico increases 6.5 percent in January

28 Mar | Steel News

US drawn wire exports up 40.1 percent in January

28 Mar | Steel News

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

UAE-based ESA cuts wire rod prices for April despite better demand

28 Mar | Longs and Billet