Brief: Maruichi Steel Tube to set up steel tube JV in Philippines
07/12/2017 06:23
Dec 7 (Reuters) - Maruichi Steel Tube Ltd 5463.T
* Says it plans to set up a Philippines-based JV in March
2018,
with partner
* Says the new JV will be capitalized at about 1.56 billion
yen
and will be mainly engaged in production and sales of steel tube
for motorcycles and automobiles
* Says it will hold 70 percent stake in the JV
Source text in Japanese: https://goo.gl/7ptFX4
Further company coverage: 5463.T
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