Sumitomo Light Metal Industries announced on Friday the firm renews a cold rolling mill at Nagoya plant with capital expenditure of 3 billion yen. The firm removes an old mill and introduces a new facility for wide and thin aluminium sheet which will start commercial operation in April 2010. The firm aims to strengthen its aluminium sheet business by the renewal.Sumitomo Light Metal Industries decided 2 billion yen capex for an introduction of a new indirect extruder and 1 billion yen capex for better distribution in April 2006. The new indirect extruder started operation in August 2007. The firm decided next modernization for the new cold rolling mill at Nagoya plant along its mid-term management plan by March 2011 announced in March 2007. The firm plans non-consolidated capex of 30 billion yen during fiscal 2007-2011.
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