JFE, Maruichi Steel, Toyota Tsusho to buy Vietnam firm

Japan’s JFE Steel, welded steel pipe maker Maruichi Steel Tube and Toyota Tsusho will buy a spiral steel pipe producer in Vietnam, a JFE Steel spokesman said on Monday.

The three Japanese firms will announce details of the joint acquisition at 1 p.m. in Tokyo, he said.

JFE Steel is a unit of JFE Holdings , and Toyota Tsusho is a trading firm affiliated with Toyota Motor Corp specialising in metals, machinery and autos. – Reuters

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Posted by VBN on Nov 15 2010. Filed under Steel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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