FDI withdrawal from Canada

updated 2002 July 14th


. FDI has been a two way street. Japanese companies have come in to Canada, spent a lot of money, and gained market territory and profits. Some Japanese companies have also found it hard, and withdrawan from Canada. Some of these Japanese companies have pulled back and let their U.S. operations serve the Canadian market, other Japanese companiesd have withdrawan completely.


1. Kobe Steel Sells Aluminerie Alouette Stake 
"Kobe Steel Ltd. has sold its 13.33% share in aluminium smelter Aluminerie Alouette Inc. to Societe Generale de financement du Quebec, owned by that  province’s government, for a reported C$100 million. The deal reflects Kobe’s efforts to curtail overseas investment in low-margin operations and focus on aluminium rolling."
 Information summarized from Jiji Press English News Service (Japan)