Maruichi Steel Tube to set up steel tube JV in Philippines

Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Maruichi Steel Tube Ltd <5463.T>:Says it plans to set up a Philippines-based JV in March 2018, with partner.Says the new JV will be capitalized at about 1.56 billion yen and will be mainly engaged in production and sales of steel tube for motorcycles and automobiles.Says it will hold 70 percent stake in the JV . 

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