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Shinagawa Refractories Co., Ltd. ( (JP:5351) ) has provided an update.
Shinagawa Refractories Co., Ltd. has completed the acquisition of a 60% stake in Reframax Engenharia Ltda., a Brazilian engineering company, to enhance its presence in the Americas and accelerate its Vision 2030 strategy. This acquisition is part of Shinagawa’s broader strategy to expand its engineering business globally, leveraging Reframax’s expertise and market position in South America, while addressing labor shortages and maintaining strong cash flow and long-term growth.
More about Shinagawa Refractories Co., Ltd.
Shinagawa Refractories Co., Ltd. operates in the refractories industry, focusing on the production and installation of refractory materials. The company is engaged in global expansion and sustainability initiatives, with a market focus on high-growth sectors such as steel, non-ferrous metals, and petrochemicals.
Average Trading Volume: 68,631
Technical Sentiment Signal: Buy
Current Market Cap: Yen79.17B
For detailed information about 5351 stock, go to TipRanks’ Stock Analysis page.