Article: ALCONIX TO FORM EUROPEAN UNIT TO BOOST NONFERROUS-METAL TRADING.

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 ...

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