Sumitomo Corporation, Japanese major trading house, announced on Tuesday the firm and Akiyama Seiko, Tokyo headed maker of free-cutting special steels, started commercial operation of their co-investing company in Vietnam, Akiyama-SC (Vietnam) Company. The joint company manufactures cold-finished special steel bars in Hanoi, Vietnam. The capital is US$ 8 million (approximately 740 million yen), 60% invested by Akiyama Seiko and the rest by Sumitomo Corp. The plant supplies cold-finished special steel bars mainly for printer shafts and aims annual revenue at US$ 27 million in 2013.
In Hanoi, Japanese printer makers such as Canon and Brother Industries operate their plants as well as related component makers. Akiyama Seiko is the first Japanese cold-finished special steel bar maker to establish a plant in Hanoi. Akiyama-SC (Vietnam) Company is located on 11,890-square-meter site in No.2 Thang Long Industrial Park, Hung Yen, Vietnam.M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
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