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.