Daido Steel to Increase Sales of Alloy Powder by 15% with Medium-Term Management Plan

Daido Steel, world’s No. 3 manufacture in alloy powder, increases to develop and manufacture soft magnetic material that has high yield rate and decrease cost of consumers. The firm hopes to raise sales of alloy powder by 15% from current level with medium-term management plan ending in fiscal 2014 because use for hybrid cars is boosting in the world. The firm attracts new demands and expands existing business dealing with diversifying request from consumers. The firm aims to up share of original alloy powder products enhanced corrosion resistance, abrasion quality and burning resistance, in the international market.