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Jakarta Post
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Nippon Steel sets up joint venture with local firms

  • Linda Yulisman

    The Jakarta Post

Jakarta | Fri, November 4 2011 | 09:26 am

PREMIUM Nippon Steel Trading Co., Ltd., the steel-trading arm of Japan’s largest steel maker, Nippon Steel, has set up a joint venture with three local companies to produce steel for the fast-growing automotive industry in Indonesia.

The firm’s president, Tetsuo Imakubo, said on Wednesday evening that his firm would control a 30 percent share of the newly established joint venture, PT IndoJapan...

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