||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
"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."
from Jiji Press English News Service (Japan)