Kyoei Steel to Expend 5.5 billion yen for F2007

Kyoei Steel plans around 5.5 billion yen of capital expenditure for the year ending March 2008. The firm tries to improve the productivity through the across the board maintenance. The firm renews cooling bed at Hirakata plant in Osaka and renew transformer at the subsidiary, Kanto Steel in Ibaraki. The firm renews cooling bed of Hirakata to improve the quality through the works from end of August to early September for 200 million yen. The firm also introduces automated charging crane at the plant to improve the productivity through the works from late August to early September for 100 million yen. The firm also renews flicker controlling system at the plant for 100 million yen. The domestic top concrete reinforcing steel bar maker produces 2.15 million tonnes of steel products including shapes and flat bar in the year ended March 2007. The firm expended 6.7 billion yen to renew transformer and to connect steel making shop and rolling mill at Hirakata.