Kobe Steel, Ltd. and subsidiary Shinko Pantec Co., Ltd. agreed to combine Kobe Steel's environmental business into Shinko Pantec on October 1, 2003. The move will consolidate the management resources of the environmental businesses of the two companies into one unit.
The corporate split and merger procedure will be used to combine the businesses, with Shinko Pantec becoming the continuing enterprise. Shinko Pantec will be renamed Kobelco Eco-Solutions Co., Ltd. The new entity will become the main company in the Kobe Steel Group for the environmental business.
Through this consolidation, in the water treatment field Kobelco Eco-Solutions would be able to strengthen its development of advanced treatment and sewage reduction technologies. In waste treatment, expanding into new business areas - including PCB and dioxin treatment, soil decontamination, PVC recycling, and biomass utilization - will enable Kobelco Eco-Solutions' comprehensive environmental business to further grow.Get curated news on YOUR industry.
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