Doho, Tokyo headed nonferrous metal trader, established a new holding company in Hong Kong. The new holding company will start operation on January 4th, 2010 and affiliate Tong Peng Metal Products (Dongguan), Doho’s existent subsidiary in Dongguan, China.
The capital of the new holding company is 1 million Hong Kong dollars (approximately 11.6 million yen). The company will start operation with 11 employees. An overseas holding company enables flexible trading, payment and investment in Asian area. Tong Peng Metal Products (Dongguan) is a warehousing and slitting site for copper alloy, stainless steel and nickel products. The averaged sales were 740 tonnes per month in 2008. There are 97 employees and 20 slitters.Japan Steel Scrap Composite Prices (Sangyo Press)
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