News 

As the demand growth for construction and machinery in China and other emerging countries comes to a halt, orders for construction and machine bolts have reduced. Kyowakogyosyo Co Ltd's domestic order intake remains strong but cannot compensate for the loss of overseas orders. Fortunately up to the previous period the company's business in China recovered form loss and ended up with profits. The company is expanding material purchase in the Shandong province (China) subsidiary to improve cost competitiveness and profit gain.