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Japan-Update

Japanese metals maker Dowa digs for overseas growth

Company plans new Mexican zinc mine, more Southeast Asian waste treatment sites

TOKYO -- Japanese metals company Dowa Holdings plans to devote some 37 billion yen ($329 million) over three years starting in fiscal 2018 to bolster overseas businesses, more than double the expected total for the prior three years.

For nonferrous metals, Dowa expects to finance a 20 billion yen effort to develop a zinc mine in Mexico, with operations targeted to begin in 2019. The company, which already operates the Tizapa mine in Mexico, seeks more stable supplies by procuring more zinc from its own mines, lifting the ratio from 20% now to 40% around 2019 or 2020.

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