Shanghai Zhengwang Thermal Equipment Co., Ltd. acquired 5% stake in Shoei Industrial Heating Equipment Shanghai Co.,Ltd from Nippon Crucible Co., Ltd. (TSE:5355) on November 8, 2023.
Shanghai Zhengwang Thermal Equipment Co., Ltd. completed the acquisition of 5% stake in Shoei Industrial Heating Equipment Shanghai Co.,Ltd from Nippon Crucible Co., Ltd. (TSE:5355) on November 8, 2023.
Nippon Crucible Co., Ltd. is a Japan-based company primarily engaged in the refractory, engineering and real estate business. The Company operates in three business segments. The Refractories segment is engaged in the manufacture and sale of graphite crucibles, fixed refractories and irregular refractories, as well as the purchase and sale of casting materials. The Engineering segment is engaged in the design and construction of various industrial furnaces, as well as the sale of related equipment. The Real Estate segment is engaged in the leasing of buildings and parking lots, as well as the operation of solar power generation business.
NIPPON CRUCIBLE CO., LTD. 
