Tag: Japan
Sumitomo reveals estimated loss
Sumitomo Metal Industries, Ltd. (Sumitomo Metals) has revealed its estimate of the loss caused by the earthquake that hit eastern Japan on 11 March 2011. The impact on ordinary income was mainly caused by a decrease in sales as a result of production disruption in Kashima Steelworks. Sumitomo Metals’ consolidated ordinary income is estimated to be reduced by JPY 2 billion for the fiscal year ended 2011 March 31.
Sumitomo to donate to earthquake relief efforts
Sumitomo Metals Group will donate JPY 200 million to aid relief and recovery efforts in the aftermath of the earthquake that hit the Tohoku District Pacific Offshore region of Japan on 11 March 2011.
Kobe Steel to open headquarters in China
Kobe Steel’s Chinese headquarters will open on 1 April 2011. Kobelco (China) Holding Co., Ltd., as the company will be called, is the first headquarters established in China by a Japanese steelmaker. Based in Luwan, Shanghai, the wholly-owned subsidiary of Kobe Steel is capitalized at USD 50.14 million.
Kashima Steelworks damaged in Japan quake
The Sumitomo Metals Group’s steelworks and manufacturing facilities are all operating normally with the exception of Kashima Steelworks, where the entire production lines have been suspended.
To Japan
The KCI Publishing family wishes to express our condolences and extend our support to all of our friends, colleagues and customers in Japan.
BEHIND THE NEWS: the prize for clarity goes to…
There’s a textbook example of clarity to be found on the cover of the August issue of Stainless Steel World.
Mechel establishes office in Japan
Mechel OAO has announced that it has established its official representative office in Tokyo, Japan.
The Holy Grail of energy
Researchers from Canada and Japan appear to have unlocked the Holy Grail of energy supply after achieving test flows from a methane gas hydrate just below the seafloor off British Colombia’s (BC) McKenzie Delta, some 850m beneath the waves.
Steel facility in Kawasaki
POSCO and Nissan Motor Co. will build a processing plant at Kawasaki in Japan to make automotive and stainless steel.
Methane hydrate deposit discovered
Japan's Ministry of Economy, Trade, and Industry (METI) has reported a methane hydrate discovery of some 1.1 trillion cum of estimated gas in place in a section of the Nankai Trough about 50km off eastern Japan.
