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Metal One to acquire stakes in Thai Metal Trade Public Company
Source: Steelguru- 11 Aug 2007
Thai Metal Trade Public Company Limited has announced that Japanese Metal One Company has acquired 5% stakes in Thai Metal Trade Public Company Limited.
The released said Thai Metal Trade Public Company Limited had already signed the cooperation agreement with Metal One, which have three objectives
1 Thai Metal Trade Public Company Limited and Metal One will cooperate together in global steel market development.
2. Metal One and its own companies will be responsible to export steel cargo to Thai Metal Trade Public Company Limited.
3. Thai Metal Trade Public Company Limited and Metal One will jointly develop the new steel products and will use its new technology producing high valve added steel products to offer their customers.
Both Thai Metal Trade Public Company Limited and Metal One are steel trading companies and it is expected this integration will bring several benefits to Thai Metal Trade Public Company Limited.