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world business opportunities  
 
Nippon Seisen acquires

                   Release time: 2007-6-14 10:15:18     Visit frequency: 205

From 1 October this year, Osaka-based Nippon Seisen will take control of Daido Stainless Wire, which is owned 87% by Daido Steel and operates plants in Nagoya and in Higashi-Osaka, not far from Nippon Seisen's Hirakata works. Besides titanium and high nickel wires, Nippon Seisen produces 24,000t/y of stainless wires used in springs, mesh and similar applications. Daido Stainless produces about 11,000t/y so together the two firms will make about 35,000t/y and enjoy a 33% Japan market share.
Information sources:   Releaser: The web of CE
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