Japanese major chain maker, Tsubakimoto Chain launches industrial chain production in Tianjin, China in October. The firm targets around 4.5 billion yen of sales in fiscal 2015 ending in March 2016.
Tsubakimoto Chain established joint venture with Japanese machinery trading firm, Toan Corporation in Tianjin on January 12. Tsubakimoto Chain controls 90% of the joint venture with around 3 billion yen of capital while Toan Corporation has 10% share in the joint venture. The new company builds the plant with around 13,000 square meters of floor space on around 60,000 square meters of land. Tsubakimoto Chain decided the plant construction for timely supply and products development for local users while the firm has supplied industrial chain from Japan for China through a trading subsidiary in Shanghai. The joint venture makes made-to-order conveyor chain and expands the production items to mainly high-end items. The firm tries to increase the market share in China by developing transplants of Japanese manufacturers and local users.M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21H2 | NewCutting (PRESS) |
41300YEN (-) | 43200YEN (-) |
264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS