JFE Steel to acquire JFE Container for JPY8.174bn.

JFE Steel, a steel manufacturer, agreed to acquire JFE Container, a company specializes in manufacturing and selling of drums and high-pressure gas containers, for JPY8.174bn. As a member of the JFE Steel Group, JFE Container has been manufacturing and marketing high-quality steel drums and various high-pressure gas containers under the business vision saying that “JFE Container is an industrial container pioneer that contributes to creating a safe, healthy, and prosperous society by developing innovative technologies, manufacturing processes and new products that are always ahead of the times and help realize customers’ dreams and a sustainable society through using the world’s best possible technologies, and remains an industry leading company whose management and employees are both open-minded and vibrant.”