JX Metals and Mitsubishi Corporation subsidiary RenetJapanGroup enter capital and business alliance, invest ¥350 million (Jiji Press)

JX Advanced Metals and a Mitsubishi Corporation subsidiary will enter into a capital and business alliance with RenetJapanGroup, which operates home appliance collection services. The investment will total ¥350 million, with JX Metal Circular Solutions (JXCS) serving as the primary joint investment vehicle.

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The story

JX Metal Circular Solutions (JXCS), a subsidiary of JX Advanced Metals and Mitsubishi Corporation, announced a capital and business alliance with RenetJapanGroup, which operates home appliance collection services.

The investment will total ¥350 million. JX Advanced Metals and the Mitsubishi Corporation subsidiary will invest jointly, with JXCS partnering with RenetJapanGroup.

RenetJapanGroup operates a home appliance collection business, and the alliance will strengthen the capital and business ties between the two companies.

At a glance

Investment amountInvest ¥350 million

SubjectCapital and business alliance with RenetJapanGroup

Joint investment vehicleJX Metal Circular Solutions (JXCS)

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