A report in yesterday's (March 31) Nikkei says that Tokyo Steel Manufacturing Co.and Junma Chemical Fibers Co., of China have agreed to build a 50:50 joint venture factory to make steelcord for car tyres in China. The report says the factory will have capacity for 35 000 tonnes per year--enough for 20 million tyres--and be onstream by December 2004. The total investment will be around Â¥7000 million (â‚¬55 million). The plant is located, said the Nikkei, adjacent to JunMa's existing factory.
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
Nikkei.net (Japan) story (Subscription required)