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Japan's Sojitz clinches US$92 mln order from Spanish steelmaker

Japan's Sojitz Corp. (TSE:2768) has received an 11 billion yen (US$92.5 million) order for production machinery from stainless steel producer Acerinox SA of Spain.

Sojitz will deliver cold-rolling equipment procured from such Japanese companies as Mitsubishi-Hitachi Metals Machinery Inc. to Acerinox's South African and U.S. subsidiaries.

The equipment headed for South Africa is slated to be in operation in April 2009, with the equipment headed to the U.S. to be placed into service the following month.

Sojitz will also deliver to Acerinox annealing equipment used in cold-rolling preproduction, with plans to have that up and running by April 2008.