The Nippon Steel and Sumitomo Metal, created on October 1 last year, is faced with cost reducing problems. It is reported by the Japanese edition of Jiji Press.
Created by the merger of the two largest metallurgical companies Nippon Steel and Sumitomo Metal followed the path of restructuring of production processes, trying to increase their profitability. However, it was not possible to achieve great successes, and the growth of the income of Mega Corporation became possible largely due to the fall of the course of the yen.
"We have made a good start. Cooperation of 16 steel factories in Japan helped to increase the efficiency of work. The growth of steel is based on Nippon Steel technologies that allow you to melt high-quality metal using low-grade Ibaraki prefecture. Only this solution has reduced the production costs of Nippon Steel and Sumitomo Metal for 50 materials up to 50 Interests, our company intends to achieve saving and reducing expenses worth more than 200 billion yen in 2015 financial year, ”said the president of Nippon Steel and Sumitomo Metal Hiroshi Tonomo.
Nippon Steel and Sumitomo Metal reduces operating costs
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Azovpromstal® 26 September 2013 г. 15:49 |
