Sumitomo Light Metal Industries announced on Monday the firm establishes a sales office in Shanghai, China in April 2011 to survey local market, access local customers, promote and demonstrate the company’s products directly. The capital fund is approximately 10 million yen. The operation will start with 3-4 staffs including local employees.
Sumitomo Light Metals aims to provide quick services and cultivate new businesses related to high precision and high grade aluminium flat products, copper tubes, aluminium extrusions or other processed products in China. The firm expects for speedy information gathering on market trends and potential needs to enhance Chinese businesses. Japanese aluminium re-rollers are recently aggressive to enhance local businesses in China and Southeast Asia. Sumitomo Light Metals tries to enter Chinese market and to enhance its new businesses.Japan Steel Scrap Composite Prices (Sangyo Press)
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