Sumitomo let their factories go in the free swimming

Sumitomo starts to leave the plant without the financial support

In brief: Sumitomo Metal Mining to move to higher savings. One of habitation, which is owned by moves to self-sufficiency.

The Japanese company Sumitomo Metal Mining decided to October 1, 2010 to provide a plant zinc oxide Shisaka a separate unit. This was stated by the representatives of the holding. It is assumed that through this venture will allow a more flexible and meets the demand policy.

As is known, the company provides raw material for zinc refining plant Harima. At present the company struggling to maintain production at normal levels because of too weak growth in supply of metallurgical dust from the plants with electric arc furnaces. Earlier it was reported that “Sumitomo Metal Mining Co.” interest in nickel-cobalt project in the Philippines Taganito. Japanese holding company intends to allocate 190 billion yen (2.1 billion dollars) to purchase shares over the next 3 years, giving preference to the project. “Sumitomo Metal Mining Co.” included in the “Sumitomo Corporation”. The company is the largest in Japan, the manufacturer of copper, gold, nickel, zinc and other nonferrous metals.

Igor Tringlers
2010-06-20 12:47, Economics.

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