Kobe Steel-Alcoa Joint Venture To Build Can Factory
TOKYO (AP) _ KSL Alcoa Aluminum Company Ltd., a joint venture formed in January between Japan’s Kobe Steel and Aluminum Company of America, will begin construction Friday on a new factory here to produce aluminum cans.
Kobe Steel said Thursday that the plant will be built in the suburbs of Tokyo next to an existing Kobe Steel factory, and will eventually employ about 100 people.
The new factory is expected to begin production in mid-1993 with a yearly production capacity of 180,000 metric tons, said a spokesman at Kobe Steel.
The spokesman added that aluminum accounts for about 30 percent of Japan’s total metal beverage container market, but cited aluminum’s 95 percent dominance in the U.S. market to illustrate growth potential in Japan.
Kobe owns a 50 percent stake in the joint venture while Pittsburgh-based Alcoa owns the remainder.