Aichi Steel to acquire an additional 13% stake in Vardhman Special Steels.

Aichi Steel, a Japanese steel manufacturer, agreed to acquire an additional 13% stake in Vardhman Special Steels , a specialized steel manufacturer. Financial terms are not disclosed. In order to contribute to the ever-expanding market, Aichi Steel will take this additional investment as the first step to further strengthen the bond between the two companies and promote efforts with the goal of achieving a 30% increase in production capacity compared to the current level.