Nikkei MC Aluminum, Japanese major secondary aluminium alloy maker, liquidated its productive subsidiary, Nikkei MC Aluminum (Korat), located in Nakhornratchasima Province of Thailand. The firm integrated Southeast Asian secondary aluminium alloy business into another productive subsidiary located in Chachengsao Province of Thailand, Nikkei MC Aluminum (Thailand).
Nikkei MC Aluminum (Korat) had operated a plant in the center of Nakhornratchasima Province, 300 kilometers north from Bangkok. Demand for secondary aluminium alloy dropped down along global economy collapse. Nikkei MC Aluminum explained Korat’s order receipt for aluminium melt had shrank to 500 kilogram per month since the end of December 2008 and the sales of aluminium alloy to the third parties had become zero. Nikkei MC Aluminum stopped Korat’s operation at the end of April and dismissed the employees at the end of June with no expectation for order volume recovery. The subsidiary was formally liquidated on October 19th after the completion of main asset sales in early October. Nikkei MC Aluminum (Korat) started operation in August 2005. The current employee number was 46 and the capital was 270 million yen. The output capacity was 2,000 tonnes per month, each 50% of which was aluminium melt and aluminium alloy. The plant had supplied aluminium melt to Japanese automotive component makers’ plants in Korat area and secondary aluminium alloy to the users in Thailand, Vietnam and other Southeast Asian countries.Japan Steel Scrap Composite Prices (Sangyo Press)
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