Kobe Steel Ltd. said Monday it plans to place its copper lead-frame operations under the control of a subsidiary Oct. 1 in an effort to cut production and other operational costs.
Kobe Steel will place its stamping operations under the auspices of Leadmikk Ltd., a subsidiary based in Fukuoka Prefecture that is 75 percent owned by Kobe Steel and 25 percent owned by lead-frame maker Metek Kitamura Co.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.