Japan's Mitsui to set up electrical steel sheet processing company in Poland
Views : 70
Update time : 2024-08-20 15:38:21
In order to meet the growing demand for electric vehicles and electrical steel sheets in Europe, Japan's Mitsui & Co., Ltd. (Mitsui) will set up an electrical steel sheets processing company in Poland in August, called Polska-Mit Steel sp. z o.o. (PMS). This is also the world's fourth professional electrical steel sheet processing base.
The project has an investment of 7.1 billion yen and is expected to start operations in April 2026, with an annual production of 34,000 tons of slitting processing.
Mitsui will fully invest approximately 3.4 billion yen, and Mitsui's electrical steel sheet department will be responsible for the operation.
PMS will mainly process non-oriented electrical steel sheets (NO) for the core of electric vehicle motors, and can also process grain-oriented electrical steel (GO) for transformer cores.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
