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Konoike Transport Co., Ltd. ( (JP:9025) ) has shared an update.
Konoike Transport Co., Ltd. has successfully completed the acquisition of Ferro Scrap Nigam Limited (FSNL), an Indian steel slag processing company, making it a wholly owned subsidiary. This move aligns with Konoike’s strategic focus on the Indian market, which is poised for growth as it scales up steel production, and positions the company to leverage FSNL’s established operations to expand its steel business as a new revenue base.
More about Konoike Transport Co., Ltd.
Konoike Transport Co., Ltd. operates within the logistics and transport industry, providing a range of services including management of steel raw materials, processing of steel products, packaging, logistics, and equipment maintenance. The company is focused on expanding its market presence within the steel industry, particularly in India, which is a significant player in the global steel market.
YTD Price Performance: -5.05%
Average Trading Volume: 112,403
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen155.3B
See more insights into 9025 stock on TipRanks’ Stock Analysis page.