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Kobe Steel to set up compressor companies in Europe and the Middle East  

By Gerald Ondrey |

Kobe Steel, Ltd. (Tokyo, Japan; www.kobelco.com) says it will establish two 100% owned companies in July, one in Europe and the other in the Middle East, to expand the global marketing and servicing of its compressors. Kobelco Machinery Europe GmbH will be set up in Munich, Germany to strengthen the marketing of Kobe Steel’s nonstandard compressors in Europe. It will also procure parts for use in the manufacture of compressors in Japan. The new subsidiary will be capitalized at €100,000 (about ¥10 million). Employees will increase from the current staff of seven to eight. Kobelco Machinery Middle East FZE. will be established in Dubai, United Arab Emirates. To be located at Dubai Airport Freezone, the company will provide after-sales services for nonstandard compressors sold in the Middle East. The unit will be capitalized at 1 million UAE dirhams (about ¥20 million). Employees will increase from the current three to five. Kobe Steel currently has representative offices in Germany and the UAE. By turning these offices into companies, Kobe Steel will be able to strengthen compressor marketing, parts procurement and after-sales services, as well as increase its presence in the two regions. Kobe Steel is the world’s…
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