Japan’s Kyoei Steel changes production strategy in Vietnam

Friday, 18 May 2018 22:34:07 (GMT+3)   |   San Diego
       

Japan’s Kyoei Steel has announced that it is canceling the expansion of its plant in Nin Binh, Vietnam, near Hanoi, operated as Kyoei Steel Vietnam Company (KSVC) and instead will invest in its new subsidiary Vietnam Italy Steel Joint Company (VIS-JCO). Kyoei Steel has increased its stake in VIS to 65 percent from 20 percent.

VIS has a capacity of 300,000 mt annually of rebar re-rolling mill and 450,000 mt annually of steelmaking. The change is in order to maintain a focus on the industrial sector which is serviced by VIS while KSVC services the housing industry. Kyoei Steel also plans to import product to the Japanese market. Kyoei Steel is Japan’s largest rebar producer.


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