Kyoei Steel (5440) · RiskDropped
Suspension of the plan to build an integrated steelmaking and rolling line in northern Vietnam
First written in FY2016. 1 of 3 entries say "Materialised", first in FY2016. Latest entry: FY2018.
3entries
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Suspension of northern Vietnam integrated steelworks construction plan and impairment of siteA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2018DroppedAnnual reportThis filing contains no information on the resumption of or start of construction under the new mill construction plan in northern Vietnam, and the position responsible for the project identified in the previous filing could not be found.
- FY2018-Q3Clarification of responsibilitiesAnnual report
「Director, Managing Executive Officer, responsible for the Head Office's Overseas Business and Development Departments, and in charge of overseeing construction of the new mill in northern Vietnam」
The position's responsibilities expressly included overseeing construction of the new mill in northern Vietnam. However, this filing does not state whether the new mill construction plan has resumed or whether construction has begun. - FY2016MaterialisedAnnual report
「The plan to expand production capacity by building a new integrated steelmaking and rolling line has been temporarily suspended. Although the resumption of the plan is under consideration, the business environment remained uncertain even at the planned start of operations in early 2016, before the suspension, and construction has not begun.」
The plan was temporarily suspended, and impairment losses were recognized on the planned construction site and other related assets.