Kobe Steel acquires 50% stake in Ulsan aluminum smelter

Kobe Steel agreed to pay $315 million for a 50% stake in an aluminum smelter in Ulsan, South Korea, from Novelis. The smelter produces 300,000 tons of cold-rolled aluminum annually.

“Kobe Steel Ltd said on Wednesday that it will spend about 55 billion yen ($484 million) to expand the aluminum business.”haythink.com

• 1 source
• haythink.comKobe Steel Plans To Spend $ 484 Million To Expand Aluminum Business - Global Leading Information Platform For Advanced Materials And TechnologiesJan 15, 2024

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