Kobe Steel, Ltd. plans to build Aluminum Extrusion and Fabrication Plant that it will manufacture and sell aluminum extrusions for the automotive sector in the United States. The new business will operate through a company called Kobelco Aluminum Products & Extrusions Inc. (or KPEX) in Bowling Green, Kentucky.
KPEX will make bumper materials for cars and car frame materials. The new company will have an integrated production facility, with operations ranging from melting to fabrication. Plans call for construction of the plant to begin this summer. Fabrication will start in the latter half of 2017, and the melting to extrusion processes will begin in the latter half of 2018. Total investment is expected to reach $46.7 million, and KPEX is anticipated to create 110 jobs.
The establishment of KPEX will enable Kobe Steel to manufacture and supply the same high-quality aluminum extrusions and fabricated products available in Japan in the North American market. Through innovative weight-saving proposals, Kobe Steel aims to gain the trust of automakers in North America. KPEX will also contribute to strengthening Kobe Steel's overall supply network, which covers Japan and the United States.
The company has over 20 years of experience in the Japanese market and has established a strong track record. Kobe Steel's original weight-saving proposals covering both product development, such as for high-strength 7000 series aluminum alloys, and cross-section design technology have received high acclaim from customers.
|Company Name||Kobelco Aluminum Products & Extrusions Inc.|
|Type||New Aluminum Extrusion and Fabrication Plant|
|Estimated Cost||$46.7 million|
Source : kobelco.co.jp