In June, 東邦チタニウム became a wholly owned subsidiary of JX Metals, completing the business integration. Although global demand for aircraft is said to be robust, uncertainty remains over trends in titanium sponge, an intermediate material used in engines and airframes.
In June, 東邦チタニウム completed its conversion into a wholly owned subsidiary of JX Metals, moving to eliminate the parent-subsidiary listing relationship. In an interview with President Momono Osamu (百野 修), it was explained that the company's ownership structure had become that of a 100%-owned subsidiary of JX Metals. Management commented on the reasons for expediting the conversion into a wholly owned subsidiary.
Global demand for aircraft is said to be robust, and attention is focused on demand trends for titanium sponge, an intermediate material used in engines and airframes. Although aircraft markets are expected to continue expanding, the supply and inventory situation for titanium sponge will require continued monitoring.