Sumitomo Pipe to construct pipe making jv with Sumitomo Corp

Sumitomo Pipe to construct pipe making jv with Sumitomo Corp

Recent market reports state that Sumitomo Pipe&Tube and Sumitomo Corporation, affiliates of Japan's fourth largest steel company Sumitomo Metal, decided to construct a pipe making joint venture in China with a total capital investment of Yen 880 million. This joint venture will establish a high frequency electric resistance welding pipe rolling mill to supply carbon and stainless pipe especially for exhaust system of automobiles with dia. 25.4-63.5 mm. and 0.8-3.5 mm in thickness. Plant will have a production capacity of 1'500 tons per month and is scheduled to operate next year in autumn. 60% of joint venture will be owned by Sumitomo Pipe&Tube and 40% by Sumitomo Corp.