Business Services Industry
Nippon Steel to invest in pipe maker in China.
Knight Ridder/Tribune Business News, October, 2004
Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Oct. 13--Nippon Steel Corp. said Wednesday it will invest some 100 million yen in a joint venture that Sumitomo Pipe & Tube Co. and Sumitomo Corp. founded in China's Guangzhou last November to produce steel pipes for vehicles.
The investment aims at meeting the demands of Japanese automakers for automotive parts in China, the steelmaker said.
After purchasing new shares to be issued by the joint venture, Nippon Steel will have a 15 percent equity stake in the firm, whose plant is planned to go on stream in January, it said.
The other stakes will be 51 percent for Sumitomo Pipe & Tube and 34 percent for Sumitomo Corp.
To see more of Kyodo News...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Melrose Jewelers USA: Melrose Jewelers Launches USA's Largest Rolex Information, Education, and Reference Center
- First California Announces Pricing of Common Stock Offering
- Safe Bulkers, Inc. Announces Pricing of Its Public Offering of Common Stock
- National Energy Services Company, Inc. Names President
- UB.com's Brandon Cantu Takes Wynn Classic
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- The last smoke: medical marijuana. (American Survey)
- Is business ethics an oxymoron? - Editorial - Cover Story
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- Sayonara, Uddevalla? - production methods of Volvo's Uddevalla plant in Sweden
