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    Furukawa Sky Aluminum (TYO: 5741) and Mitsui & Co. (TYO: 8031) Investment in China Aluminum Companies

  • China Aluminium Network
  • Post Time: 2009/10/11
  • Click Amount: 619

    According to the news, Japan's Furukawa Sky Aluminum (TYO: 5741) and Mitsui & Co. (TYO: 8031) plans acquire the shares of two China aluminium foil companies.


    the subject companies are subsidies of Guangdong Dongyang Aluminium Company, which engaged in the production and sales of the aluminium foils of the condenser, and air-conditioning fins.


    It is said that the two companies will invest about billions yen on the share of the foil companies. After this move, the Furukawa Sky Aluminum will take 25% of the shares, while Mitsui & Co. will possess another 20%. Later, the Furukawa Sky Aluminum will be involved in the management of the company.


    Later, the Furukawa Sky Aluminum will transfer some manufacturing technique to the China companies, in order to improve the added value of the products.

    Source: www.alu.com
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