American Metal Market

Japan, Czech ties form alloy venture. (Kovohute Mnisek AS and Japanese firms to manufacture ferrovanadium) (Brief Article)

TOKYO -- Japanese interests are forming a joint venture in the Czech republic near the capital city of Prague in concert with a local ferroalloy producer to manufacture ferrovanadium.

The joint venture, Nikom AS, to be based in Mnisek, will be launched officially in September, according to a spokesman for Nissho Iwai Corp., a major Japanese trading firm which is funding 30 percent.

Other investors are Japan Metals & Chemicals Corp., Japan's largest ferroalloy producer which will have a 10-percent share; Japan International Development Organization (Jaido), 10 percent; and Kovohute Mnisek AS of Czech, 50 percent.

Kovohute Mnisek is making the investment in kind, or transferring its smelter facilities to the joint-venture firm. …

Log in to your account to read this article – and millions more.