JX Nippon Mining & Metals announced on Tuesday the firm establishes a new subsidiary to manufacture precision rolled metal products for automotive electronic components. The new pressing and plating plant will be constructed in Kakegawa City of Shizuoka Prefecture, Japan with approximately 9 billion yen capital expenditure, scheduled to start operation in April 2013. JX Nippon Mining & Metals presently produces precision rolled products at Kurami plant, Kanagawa, Japan while pressing and plating processes are in Isohara plant and Hitachi plant in Ibaraki, Japan or other sites. The firm reinforces downstream processing businesses.
The new subsidiary is established with 400 million yen capital fund, wholly invested by JX Nippon Mining & Metals. The factory site is 59,000 square meters. The firm eyes demand growth for precision rolled metal parts along the market increase of environment-friendly cars. The firm integrated its plating and pressing subsidiary, Nikko Fuji Electronics, in December 2009 while acquired a precision press processing maker, Suzuki Manufacturing, in January 2011 in order to strengthen downstream processing business. JX Nippon Mining & Metals expands its integrated supply capacity from material to press/plate processing for precision rolled metal products.Japan Steel Scrap Composite Prices (Sangyo Press)
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