Kobe Steel to open Qingdao-based company
Kobe Steel Ltd will open its tyre and rubber machinery company in China’s Qingdao in April. The Kobelco Machinery System Engineering Qingdao Co., Ltd. (KMQ) will supply rubber mixers, twin screw roller head extruders and tyre testing machines used in the manufacture of tyres for cars, construction equipment and other rubber products. The has invested two million yuan (about 40 million yen) in KMQ.
Kobe Steel has supplied over 250 units of tyre and rubber machinery to China, and the need for after-sales service is also high, the company said in a statement. KMQ wil lalso handle Kobe Steel’s menu of plastic processing machinery.
Regarded as the top manufacturer of rubber mixers, Kobe Steel is aiming for a 50-per cent share of the world market. Kobe Steel’s Machinery Business anticipates achieving an overall sales increase of approximately one billion yen for its tyre and rubber machinery in fiscal 2020.