Sumitomo Electric to double steelcord production for tyres

Osaka, Japan-Sumitomo Electric Industries Ltd is to double the capacity of its tyre steel cord production plant in Tochigi, Japan, to 4800 tonnes/month. The project represents an investment of Yen6000 million ($57 million) expansion and is due on stream in 2007, said a 5 Feb company announcement. Affiliate company Sumitomo Rubber Industries Ltd is to contribute Yen1000 million to the project, the statement added.

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