Overseas Joint Venture
Nippon Steel Trading Co., Ltd., has set up a joint venture with 3 Indonesian local companies to produce 120,000 tons of sheet steel for automotive industry. Nippon Steel would control a 30 percent share of the joint venture, PT IndoJapan Steel Center. It is located in the Mitra Karawang Industrial Estate, West Java in a 4.8-hectare area with total investment for first phase $38 million and expected to start operating in January 2013.
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