October 12, 2008

CSC to buy shares of Yodogawa Steel

Taiwanese China Steel Corporation has decided to purchase 2 million shares of Japanese Yodogawa Steel Works Ltd for a total purchasing value of TWD 349 million.

Japan Yodogawa Steel is the parent company of the Taiwan Sysco. Both of them are the major customers of CSC's hot roll steel products, they have very good business relationship with each other.

In the future, Yodogawa will also purchase the market share from CSC. Therefore, they can improve their cooperation and extend their market in South East Asia and whole world together.