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kobe-steel-turns-non-standard-compressor-affiliate-in-china-into-subsidiary
kobe-steel-turns-non-standard-compressor-affiliate-in-china-into-subsidiary

Kobe Steel turns non-standard compressor affiliate in China into subsidiary

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Japanese steel manufacturer Kobe Steel has turned its Chinese affiliate Wuxi Compressor into a subsidiary after acquiring additional shares in the company.

Based in Wuxi, Jiangsu Province, Wuxi Compressor manufactures designs and sells non-standard (process gas) compressors, a core component used in petroleum refining, chemical and natural gas plants.

In response to the growing demand for non-standard compressors in China, Kobe Steel acquired a 44.3% equity share of Wuxi Compressor from Wuxi Victor Group in 2011.

With Kobe Steel’s equity participation, Wuxi Compressor began to improve its manufacturing, design and sales capabilities.

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