Japan's Kobe Steel eyes India M&A to lift compressor production: executive

What happened: Kobe Steel is considering overseas mergers and acquisitions, including in India, to increase production of gas compressors. Why it matters: The weak yen and high manufacturing costs are pushing the steelmaker toward its more profitable machinery segment, per an executive's comments to Nikkei.

Kobe Steel is considering overseas mergers and acquisitions, including in India, to increase production of gas compressors.

The weak yen and high manufacturing costs are pushing the steelmaker toward its more profitable machinery segment, per an executive's comments to Nikkei.