Tag: Aichi steel to increase production capacity by 40% till FY’26

Japan: Aichi Steel invests $9 million to renovate its stainless steel electric furnace

Mar 17, 2023

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by

Deepika Singh

in Stainless Steel

Japan’s Aichi Steel has invested JPY 1 billion ($9 million) in renovating stainless steel electric furnace at its Chita Plant in Aichi Prefecture. This upgrade will increase the company’s producton and supply capacity by 40% to 90,000/t annum by FY26 and optimise the raw material blending ratio by expanding the furnace volume and updating the…