The company announced on August 26 that it will build a new electric furnace and comprehensively upgrade its rolling equipment with this investment worth approximately 38 billion yen (approximately $250 million).
With the commissioning of the new facility, the company aims to resolve efficiency issues in its existing production line, increase productivity, and reduce costs. Kyoei Steel stated that this new furnace, equipped with modern technologies, will significantly improve both production quality and environmental sustainability.
Company officials view this investment in Texas as a critical step toward responding more quickly and efficiently to growing demand in the US market. Furthermore, the expanded production capacity is expected to enable Vinton Steel to broaden its product range for both the construction and industrial sectors.
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