JFE Shoji Corporation

Japanese company JFE Shoji held a groundbreaking ceremony for a factory producing motor cores in Inđija, Serbia. The investment exceeds EUR 51 million and will create 102 jobs, with production scheduled to start in 2025.

JFE Shoji Corporation and its subsidiary JFE Shoji America Holdings entered into a definitive agreement to acquire all outstanding shares of California Expanded Metal Products Co. (CEMCO) from the Poliquin family. The transaction is expected to close in late September 2022.

Enedim Inc. announced a strategic partnership with JFE Shoji Canada, a subsidiary of JFE Shoji Corporation, under which JFE Shoji Canada will supply electrical steel for Enedim's next generation switched reluctance motors and electric powertrains.