26
Apr
12:24
Japanese can makers to merge
Japanese tin can manufacturers Toyo Seikan Group Holdings and Hokkan Holdings have agreed to merge in 2017. Combined, they will be one of the most significant tin-plate consumers in the country, Kallanish notes.
Hokkan will become a wholly-owned subsidiary of Toyo Seikan in April 2017 and will delist. The companies have combined annual sales of around JPY 900 billion ($8.1 billion).
Combined Japanese tin plate and tin free steel output was down by almost -1% …
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