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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.

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