Tag: Kobe Steel Wuxi Compressor

Kobe acquires 44% stake in Wuxi

Kobe Steel Limited (Kobe Steel) has acquired a 44.3% equity share in Wuxi Compressor Co Limited (Wuxi), after reaching an agreement with parent company Wuxi Victor Group Co Limited. The investment will allow Kobe Steel to meet the increasing demand for process gas compressors in China. The acquisition of the Wuxi shares was made through Kobelco (China) Holdings Co Limited, Kobe Steel's China headquarters.