01/23/2017 | Press release | Distributed by Public on 01/24/2017 20:32
Kobe Steel, Ltd.
Kobe Steel, Ltd. held a ceremony on Saturday, January 21, to mark the completion of the new No. 6 Continuous Caster and expansion of the No. 2 Bloom Mill at Kakogawa Works.
Approximately 220 people from construction companies and partner companies attended the event. The major participants from Kobe Steel included Yoshinori Onoe, Executive Vice President and Representative Director; Koichiro Shibata, Senior Managing Executive Officer and General Manager of Kakogawa Works; and Shoji Miyazaki, Executive Officer and General Manager of Kobe Works.
'The outstanding traditions and technology of Kobe Works will be extended to Kakogawa Works, so that we can produce even better steel products,' said Executive Vice President Yoshinori Onoe.
To further strengthen its competitiveness, Kobe Steel plans to shut down Kobe Works' upstream operations (from the blast furnace to continuous casters) at the end of October 2017 and consolidate these operations at Kakogawa Works. Kobe Steel has invested a total of about 65.5 billion yen in this consolidation, which is anticipated to improve profitability by about 15.0 billion yen. The investment in the two facilities is a part of the consolidation. The completion of these facilities prepares Kakogawa Works for upstream consolidation. Kobe Steel will now proceed with quality verification and gaining user approval, in preparation for consolidated operation from November 2017.
Outline of Capital Investments
No. 6 Continuous Caster
No. 2 Bloom Mill
Completion ceremony for the new equipment
Start-up ceremony for the new equipment
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