News Release : 2012
Equity investment in SEIKI METAL INC Co., Ltd.
Hanwa has agreed to acquire the share of SEIKI METAL INC Co., Ltd. as follows.
15% of shares issued on October 1, 2012
82% of shares issued on September 30, 2014.
The name of SEIKI METAL INC Co., Ltd. will remain unchanged even after Hanwa becomes a major shareholder of SEIKI METAL INC Co.,Ltd. New company will keep all the staff and workers and continue to use its head office as a main office.
Present president Mr.Hirohiko Sugita will continue to assume the same position and Mr.Atsushi Sato(former General Manager of Non Ferrous Dept No.1 of Hanwa) will become a Director.
Campany profile of SEIKI METAL INC Co., Ltd.
|Head office||5-5-25, Tsukuda, Nishiyodo-ku, Osaka-city, Osaka, Japan|
|Nature of Business||Production & sale of deoxidizing aluminum for steel making|
|Turnover||Approx US$82 million( 2011)|