Kobe Steel opens sales unit in Kolkata

Kobe Steel Ltd announces that it will open a subsidiary company in Kolkata, West Bengal, to market its steel production machinery in India, called Kobelco Machinery India Private Ltd (KMI). The new marketing company will sell steel rolling mills, continuous casters, nonferrous rolling mills and presses. KMI is the first unit in India, in which Kobe Steel directly holds an equity share. Kobe Steel holds a 90% equity share in KMI, while trading firm Shinsho Corp., a Kobe Steel affiliate, has a 10% share. The Managing Director is Yutaka Nakamoto. KMI has five employees.Nike Air VaporMax 2019