Mitsui & Co to liquidate its US subsidiary
Wednesday, 12 January 2005 10:25:35 (GMT+3)
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Mitsui & Co to liquidate its US subsidiary
According to recent news in the market, Japanese firm Mitsui & Co has announced that it will liquidate its US subsidiary Pinnacle Steel Processing Inc by January 2008.
The company officials stated that Pinnacle Steel, which is a steel processing company established in 1993, has lost its significance for Mitsui. Pinnacle Steel is a joint venture between Mitsui & Co and its New York-based unit.
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