Mitsui to acquire more than 20% stake in India steel recycler MTC
TOKYO -- Japanese trading house Mitsui & Co. is set to begin recycling steel for use in automobiles and other industrial products in India, Nikkei has learned.
Mitsui will invest in Indian recycling company MTC Group -- one of the largest such businesses in the South Asian nation -- to obtain a more than 20% share and make MTC an equity-method affiliate.