Business trend:
Paul Wurth of
Luxemburg and IHI, the world largest and second largest in blast furnace
construction, ally to establish a joint company in Japan with a capital of 400
million yen on a 50:50 basis. The new company will cover Asia and Oceania, but
China and India where Paul Wurth has been doing business independently are
excluded. Paul Wurth has 11% market share in the construction of blast furnace
bigger than 40 million cubic meters in volume and IHI has 10% market share in
the world.
Paul Wurth has
state-of-the-art technology in designing and constructing coke ovens that bake
coals efficiently, while IHI has its self-developed coke by quenching (CDQ)
technology that utilizes waste heat from iron works for power generation. The
two companies wish to integrate their technologies to construct iron works
characterized by energy saving and efficient usage of raw materials.
Established in 1870, Paul Wurth has close and strong business relations with
leading steelmakers in Europe and Brazil. IHI has constructed or renovated more
than 100 blast furnaces since 1940.
A blast furnace in
Nippon Steel constructed by IHI
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