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Mitsubishi Steel investing in spring steel plant in Germany-The 19th China (Guangzhou) Int’l Spring Industry Exhibition
12/13/2017 Spring Industry Exhibition-Spring expo |
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Acquisition of capital interest accompanying change in subsidiary companies
Mitsubishi Steel Mfg Co Ltd announced that acquisition of capital interest in a company in Europe. In order to become so-called "Global Supplier" for suspension spring (coil spring / stabilizer bar), which is one of the main direction set in 2016 Mid-term Business Plan, Mitsubishi Steel Mfg Co Ltd will penetrate into the European market through acquiring a local coil spring manufacturer, following the newly established plant in Mexico and the production line for stabilizers installed in the existing China plant.
By utilizing fundamental resources of the new subsidiary, Mitsubishi Steel Mfg Co Ltd will install new equipment to produce stabilizers, in addition to maximizing synergy effect with the existing domestic and overseas manufacturing capabilities, and proceed to further global business expansion.
General information of the new subsidiary
(1) Company name - Gebruder Ahle GmbH & Co KG
(2) Location - Lindlar, Nordrhein Westfalen, Germany
(3) Representative - Gotz-Peter Ander, Managing Director
(4) Business segment - Design, produce and sale of various kinds of springs used for automotives, etc
(5) Capital - 3 million Euro
(6) Foundation - 1904
Name of the new subsidiary after transaction is planned to be "MSSC Ahle Deutschland GmbH" (tentative)
-The 19th China (Guangzhou) Int’l Spring
Industry Exhibition
-Spring Industry Exhibition, spring expo,
2018 Spring exhibition, 2018 Spring expo, China Spring exhibition, China Spring
expo, steel spring exhibition, steel spring expo
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