Japan - KITZ integrates two plants - 0 views
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Panos Kotseras on 17 Apr 09KITZ Corporation has announced that it will integrate its two brass bar manufacturing subsidiaries with effect from July 1st. According to the plan, KITZ Metal Works will take over Kyoto brass and brass bar production will be integrated at the Nagano plant, Japan owned by KITZ Metal Works. As a result, Kyoto brass' plant in Kyoto, Japan will be closed. The decision is attributed to the global economic downturn that has been taking place since autumn 2008. Total brass bar output of the two plants in January amounted to 3,000t, down by 40% y-o-y. The company anticipates that demand will not recover in the short run.