Sumitomo and Daido Steel form joint venture for tool steel in Wuxi, China

Sumitomo Corporation and Daido Steel have agreed to establish a joint venture, Wuxi Summit Nikka Metal Products Co., Ltd., in Wuxi, Jiangsu Province, to expand high-grade tool steel distribution and processing in China. Commercial production is scheduled for mid-2018.

“Sumitomo and Daido Steel have agreed to establish a joint venture in Wuxi, Jiangsu Province, for the purpose of expanding the high-grade tool steel distribution and processing business in China.”sumitomocorp.com

• 1 source
• sumitomocorp.comExpanding high-grade tool steel business in China | Sumitomo CorporationOct 30, 2017

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