Nippon Denko Co., Ltd. ( (JP:5563) ) just unveiled an announcement.
Nippon Denko Co., Ltd. announced its ongoing relationship with Nippon Steel Corporation, which holds a 23% voting stake in the company. This relationship enhances the competitiveness and corporate value of both entities while allowing Nippon Denko to maintain operational independence. Nippon Steel is a major buyer of Nippon Denko’s products, contributing significantly to its sales, yet the partnership does not restrict Nippon Denko’s business activities.
More about Nippon Denko Co., Ltd.
Nippon Denko Co., Ltd. operates in the industrial sector, focusing on the production and sale of steel products and engineering services. The company maintains a significant market focus through its strategic alliance with Nippon Steel Corporation, a major player in the steel industry.
YTD Price Performance: 4.76%
Technical Sentiment Signal: Sell
Current Market Cap: €251.3M
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