Kawasaki Steel, AK Steel tie up in car steel technology+.TOKYO, April 18 Kyodo
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Kawasaki Kawasaki (käwä`säkē), city (1990 pop. 1,173,603), Kanagawa prefecture, central Honshu, Japan, on Tokyo Bay. Located in the Tokyo-Yokohama industrial area, it has steel mills, shipyards, oil refineries, engineering works, and Steel Corp. said Wednesday it has signed an agreement with AK Steel Corp. of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to cooperate on research and technology for the automotive steel business.
Under the agreement, the two companies will collaborate on product, process and application technologies for automotive sheet steels, as well as computer simulations and other areas related to information technology, Kawasaki said in a statement.
The agreement also calls for the two to license each other to use the new ally's manufacturing technology to make steel materials for use in motor vehicles.
Based in Middletown, Ohio Middletown is an All-American City located in Butler and Warren counties in the southwestern part of the U.S. state of Ohio. Formerly in Lemon, Turtlecreek, and Franklin townships, Middletown was incorporated by the Ohio General Assembly on February 11, 1833, and , AK Steel posted a net profit of $132.4 million on sales of $4,611.5 million in 2000. It employs about 11,500 people.
Kawasaki Steel has a stake of some 5% in AK Steel but has no plans to raise its stake, a Kawasaki Steel official said.