JFE Shoji Trade Corp, a company of the second largest steel group in Japan, JFE Steel, in alliance with the Mexican pipeline producer, PROLAMSA (Productos Laminados de Monterrey) and Sankin Corp, Japanese manufacturer of cold drawn pipe, have agreed to establish a joint venture for the manufacture and sale of cold drawn pipe specialized in the automotive industry.
The company whose name will be A4C-Sankin Precision Tube (ASPT), will be located in the city of Monterrey, Mexico, near the main plant of PROLAMSA. The operations will begin in April 2016.
PROLAMSA will be the supplier of the pipeline that will be processed in this plant. Sankin, whose headquarters are in Osaka, Japan, will provide the technology that will be used for the production of this type of pipe.