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Article: FURUKAWA-SKY TO BUY 25% OF U.K. ROLLED ALUMINUM MAKER FOR Y3BN.
- Article from:
- AsiaPulse News
- Article date:
- October 30, 2008
CopyrightCOPYRIGHT 2008 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, Oct 30 Asia Pulse - Furukawa-Sky Aluminum Corp. (TSE:5741), Japan's No. 1 maker of rolled aluminum products, said Wednesday that it will take a 25 per cent stake in British counterpart Bridgnorth Aluminum Ltd. by year's end.
Furukawa-Sky intends to use the purchase to establish a manufacturing and marketing presence in Europe, which has seen growing demand for high-quality aluminum products.
Bridgnorth is a subsidiary of Greece's Elval SA. Established in 1957, the U.K. firm specializes in aluminum strips for printing plates. It logged sales of some 20 billion yen (US$205.5 million) last year. The bulk of its annual output of 58, 000 tons is sold ...