02 Dessember 2010
Kobe Steel to Build New Ohio Plant to Supply Steel Plates for Cars

TOKYO: Kobe Steel Ltd will build a new plant in Ohio to boost production of steel plates for automobiles amid signs of a recovery in vehicle sales in North America, company officials said Wednesday. The company aims to begin plant operations from 2013, judging that its lightweight, high-intensity steel products will meet demand from Japanese and other automakers that produce cars locally, they said.

The plant will be built by an Ohio-based company Kobe Steel has jointly set up with U.S. Steel Corp, with a total investment of about 40 billion yen. It is expected to have an annual production capacity of 500,000 tons, expanding the firm�s total output capacity including an existing plant to 1.5 million tons per year.

(Source: http://www.japantoday.com/category/business/view/kobe-steel-to-build-new-ohio-plant-to-supply-steel-plates-for-cars)

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