KobeSteel consider to build a transnational steel plant in Mexico
By CFM , 2014-03-07 12:00:00
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Recently, Steel-maker KobeSteel together ShinshoCorporation, MetalOneCorporation, OsakaSeikoLtd, RepublicSteel (America) had signed a MOU (memorandum of understanding) . It indicates that the interest to open a jiont venture which focus on processing of cold heading steel wire in the middle of 2015.
Statistics annouced by KobeSteel shows that the annual output of car profucted in Mexico raised from 1.5 million in 2009 to 2.93 millon in 2013. The doubled sales data shows a uprising tendency of the car industry. The demand for cold heading steel as essencial raw material will increase steadily as well as other fastener components.
As for now , cold heading steel consumed in Mexico are mainly imported from Japan and America. Regarding to the increasing demand, the 5 above companies prepare to set up new branch in Mexico in a short time.