Daido Steel plans 23.9 billion yen of capital expenditure in fiscal 2011 ending March 2012, which is 26% or 5 billion yen higher than fiscal 2010 level. The firm invests aggressively for future growth through the expenditure more than 20 billion yen of depreciation. The firm increases the steel production by 3% to 627,000 tonnes in second half of fiscal 2011 from the first half to meet recovering special steel demand, especially for automobile.
The firm expands the investment for the group’s growth while the firm minimized the expenditure after Lehman shock in late 2008. The engine valve making group company, Fuji OOZX spends 1.2-1.3 billion yen for the subsidiary, Fuji Valve (Guangdong) in China. The group’s castings maker, Daido Castings plans 2 billion yen of investment at Nakatsugawa plant in Gifu. The group’s magnet maker, Daido Electronics expends 1 billion yen at Daido Electronics (Suzhou) in China to meet growing demand for automobile. The group companies seek future growth in each position.
Daido Steel plans 1.237 million tonnes of steel production in fiscal 2011, which is just more than 1% higher than fiscal 2010 level. The firm tries to increases the production to meet growing demand for mechanical steel mainly for automotive application while the firm expects slow demand for stainless products. 壓鑄展-鑄造展-2017第十八屆廣州國(guó)際壓鑄、鑄造及工業(yè)爐展覽會(huì)-中國(guó)最受關(guān)注的壓鑄鑄造展會(huì)-巨浪展覽-The 18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
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