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Article: ALCONIX TO FORM EUROPEAN UNIT TO BOOST NONFERROUS-METAL TRADING.
- Article from:
- AsiaPulse News
- Article date:
- May 24, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, May 24 Asia Pulse - Japan-based nonferrous-metal trader Alconix Corp. (TSE:3036) announced Tuesday that it plans to set up a wholly owned subsidiary in Germany by July to bolster its European operations.
Alconix paid 155,000 euros (US$198,150) to acquire the trading rights for nonferrous metals from a European unit of Sojitz Corp. (TSE:2768). This business will be taken over by the new subsidiary it plans to ...