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Daily News

Kobe Steel and Matsushita in China JV
Nov 1, 2002
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Kobe Steel Ltd. said it has agreed with a firm in the Matsushita group and Tangshan Kaiyuan Electric Co. of China to establish a joint venture in China to make and sell welding materials there. Kobe Welding of Tangshan Co. will be established in November in Tangshan, Hebei Province, Kobe Steel said. It will be 48-percent owned by Kobe Steel, 25-percent by Matsushita Industrial Equipment Co., an affiliate of Matsushita Electric Industrial Co., 23 percent by the Chinese firm, and 4 percent by a Kobe Steel affiliate. (Kyodo News)

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