Profit Kobe Steel has grown considerably

Japanese metals company Kobe Steel in the III quarter of this fiscal year, increased its net profit more than doubled to 17.7 billion yen ($ 217 million). This was stated in the Group, reported Bloomberg. A year earlier the figure was estimated at 7.4 billion yen. Kobe Steel sales rose 4% to 433.7 billion yen. Previously reported that Kobe Steel and the Indian steel concern Essar Steel Form Joint Venture for the construction of the plant. This joint venture will build steel plant for the production of high strength steel sheets for automotive industry. Founded in 1911, "Kobe Steel, Ltd." is one of the leading Japanese steel companies. Its activities are focused in several key segments. The first and fundamental for the company - production of iron and steel. The company manufactures steel wire, flat rolled products, pipes, forgings and other aluminum and copper - the next business segment of the company. The company produces both directly metal and finished products from it. And also a leading producer of titanium in Japan. Kobe Steel produces pure titanium, titanium alloys, rolled flat products, tubes, manufactures industrial machinery and construction equipment. Ministry of Industry