Kobe Steel Adds China Subsidiary

By DJ Slater03 June 2020

Kobe Steel, Ltd. has turned its Chinese affiliate Wuxi Compressor Co. Ltd. into a subsidiary following its acquisition of that company’s shares in April. Wuxi Compressor, based in Wuxi, Jiangsu Province, China, manufactures, designs and sells process gas compressors used in natural gas plants, petroleum refining and chemical plants.

In 2011, Kobe Steel purchased a 44.3% equity share of Wuxi Compressor from Wuxi Victor Group. Through Kobe Steel, Wuxi Compressor improved its manufacturing, design and sales capabilities. Kobe Steel approached Wuxi Victor again this year to obtain an additional 25.7% stake in Wuxi Compressor, making it into a 70%-owned subsidiary.

With subsidiary status, Kobe Steel can enhance its presence and service capabilities in China, as well as meet the country’s demand for process gas compressors. The company has manufacturing locations for process gas compressors in Japan, the United States and China, along with sales and service locations in Germany, the United Arab Emirates, Brazil, the Philippines and Singapore.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Gas crisis sparks investment in new storage
New facilities in China, Sharjah
Baker Hughes, Snam complete hydrogen tests
Two turbines used in Italian compressor station
Elliott Group to talk H2 blending at Hydrogen Summit
Marybeth McBain joins growing slate of presenters at inaugural event in Houston