Business Services Industry
Sumitomo, Sumitomo Metals, and ThyssenKrupp Automotive Tie-up in
JCNN News Summaries - Japan Corporate News Network, Nov 4, 2004 by Dale Hug
Sumitomo Metal Industries (TSE: 5405) , Sumitomo Corporation (TSE: 8053) and ThyssenKrupp Automotive, have jointly announced that that ThyssenKrupp invest in Huizhou Sumikin Forging Co., Ltd., (HSFC) a joint venture company set up by Sumitomo Metals and Sumitomo in Huizhou, Guangzhou, China.
Huizhou Sumikin Forging Co. was established by the tow later companies in July 2003 and engages in manufacturing and selling forged crankshafts.
ThyssenKrupp will invest to an ownership of 34% of equity interest in HSFC. The three companies will jointly operate and manage the business.
HSFC is now undertaking trial run in preparation for the commercial operation commencing in November 2004. The opening ceremony is scheduled to be held on November 8, 2004.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
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
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
