Metal One establishes stainless steel sales firm
According to recent news in the market, Japanese steel maker Metal One Corporation established subsidiary of
stainless steel sales firm in
Hong Kong in April, after it purchased
stainless steel sales firm from Hanwa Kozai. The cost of projects reached Yen 2 billion ($17.7 million).
Under the agreement signed between Metal One and Hanwa in October 2002, Metal One purchased Hanwa's five
stainless processing and sales firms in
Hong Kong,
Malaysia,
Singapore, Shenzhen of
China and
Thailand.
Moreover, the company plans to build
stainless steel coil center in Shanghai,
China.