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Article: SOJITZ TO TRANSFER STEEL BAR BUSINESS TO NIPPON STEEL TRADING.
- Article from:
- AsiaPulse News
- Article date:
- January 25, 2005
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TOKYO, Jan 25 Asia Pulse - Sojitz Corp., which is a group company of Sojitz Holdings Corp. (TSE:2768), will hand over its steel reinforcement bar business to Nippon Steel Trading Co. (TSE:9810) on Feb. 1 without compensation.
The move is part of Sojitz's ongoing effort to be selective and focused in its key operations.
In January 2003, Sojitz's parent operations in steel products were merged with those of Mitsubishi Corp. (TSE:8058).
Sojitz was searching for a firm to which to transfer operations in reinforced steel bars, which it handled through Sojitz Metals Co. Nippon Steel Trading ...