Hitachi Metals sells its forging parts subsidiary to SNT  [ Japan ]

Hitachi Metals, Ltd. and SNT Corporation announced that they have entered into an agreement to transfer all the stocks of Seitan Inc., subsidiary of Hitachi Metals, to SNT Corporation. Seitan manufactures and sells forging parts for automotive industry, with sales of JPY 3,757 million in fiscal year ended in March 2016. Transfer of shares is scheduled to run in January 11, 2017. (From a press r...
<Nov 14, 2016>