Steel Firm Faked Data for Metal Used in Planes and Cars

[Nan Yang]

Steel Firm Faked Data for Metal Used in Planes and Cars
The industrial scandal engulfing Kobe Steel Ltd. began to reverberate overseas as Japan’s third-biggest steelmaker said its staff falsified data about the strength and durability of some aluminum and copper products used in planes, trains and potentially a space rocket.

Shares plunged 22 percent and the cost to insure Kobe Steel debt against default soared as customers including Toyota Motor Corp., Honda Motor Co. and Subaru Corp. said they had used materials that were subject to falsification while Hitachi Ltd. said trains exported to the U.K. were affected. One outside estimate put the potential cost of replacing the parts at about 15 billion yen ($133 million), but the damage to the company -- in the form of both reputational harm or possible legal challenges-- could be much greater.

“At the moment, the impact is unclear but if this leads to recalls, the cost would be huge,” said Takeshi Irisawa, an analyst at Tachibana Securities Co. “There’s a possibility that the company would have to shoulder the cost of a recall in addition to the cost for replacement.”

View of Kobe Steel Ltd. in Hyogo

https://www.google.com/amp/s/www.bl...ed-amid-deluge-of-sell-orders-on-data-scandal

 

[RPK]

^^^
I can see the Stoves of blast furnace and blast furnace near to it.

 

[TaiShang]

Steel Firm Faked Data for Metal Used in Planes and Cars
The industrial scandal engulfing Kobe Steel Ltd. began to reverberate overseas as Japan’s third-biggest steelmaker said its staff falsified data about the strength and durability of some aluminum and copper products used in planes, trains and potentially a space rocket.

Shares plunged 22 percent and the cost to insure Kobe Steel debt against default soared as customers including Toyota Motor Corp., Honda Motor Co. and Subaru Corp. said they had used materials that were subject to falsification while Hitachi Ltd. said trains exported to the U.K. were affected. One outside estimate put the potential cost of replacing the parts at about 15 billion yen ($133 million), but the damage to the company -- in the form of both reputational harm or possible legal challenges-- could be much greater.

“At the moment, the impact is unclear but if this leads to recalls, the cost would be huge,” said Takeshi Irisawa, an analyst at Tachibana Securities Co. “There’s a possibility that the company would have to shoulder the cost of a recall in addition to the cost for replacement.”

View of Kobe Steel Ltd. in Hyogo

https://www.google.com/amp/s/www.bl...ed-amid-deluge-of-sell-orders-on-data-scandal

Corporate Japan seems to be in a deep crisis, with giants such as Takata and Toshiba are mired in scandals. Now this Kobe Steel.

The unrivaled Japanese industrial might seems to be peeling off at the seams.

 

[JSCh]

Spotlight: Kobe Steel's data-fabrication scandal affects wide range of manufacturers, deals heavy blow to "Made-in-Japan"
Source: Xinhua| 2017-10-10 23:17:10|Editor: yan



TOKYO, Oct. 10 (Xinhua) -- More companies said Tuesday that they had used problematic aluminum products supplied by Kobe Steel Ltd., the third largest steelmaker in Japan, which has admitted last week to a years-long data-fabrication misconduct.

The scandal, the most recent one of a series of misconducts by Japanese manufacturers, threatens to further damage the reputation of "Made-in-Japan," said local reports.

Kobe Steel said on Sunday that some of its aluminum and copper products were subjected to data fabrication, and the misconduct started as early as 10 years ago.

The company said it has inspected products shipped over the past year and found data on some 19,300 tons of aluminum products, 2,200 tons of copper products and 19,400 pieces of aluminum forging and casting products had been fabricated.

It said that inspection data on the products, including those on strength and duration of the materials, were rewritten by workers who were "under pressure" to meet a deadline when the actual data failed to meet customer specifications.

The products in question have been shipped to about some 200 companies, and though Kobe Steel did not disclose the names of companies affected, a wide range of companies have been found using the problematic products in cars, trains, and even rockets and defense equipments.

On Tuesday, Mitsubishi Heavy Industries Ltd. said that it had used the aluminum products with fabricated data in the H-2A rocket that was launched earlier in the day to send a satellite into space.

It said that the products in question have also been used in another rocket scheduled to be launched by March 2018.

Railway companies including East Japan Railway Co. and Central Japan Railway Co. said that the problematic products had also been used in some of the Shinkansen bullet trains.

Other companies affected include automakers such as Nissan Motor Co., Subaru Corp., Mazda Motor Corp., Mitsubishi Motors Corp. and Honda Motor Co., which have also said they used the affected aluminum products in their cars.

The problematic products were also reportedly used in the Mitsubishi Regional Jet passenger planes, which have been intended to be Japan's first domestically developed jet airliner.

Japan's Defense Ministry said that it was also possible that the problematic products had been used in defense equipment such as training planes of the Self-Defense Forces.

Major manufacturers involved in the defense industry, including Mitsubishi Heavy, Kawasaki Heavy Industries Ltd. and IHI Corp. have been found using the aluminum products in question.

Though currently no safety problems have been confirmed associated with the products in question yet, there have been concerns that they might pose safety hazards.

Japan's Ministry of Land, Infrastructure, Transport and Tourism said that it has ordered automakers to find out whether they had used the products in question.

The ministry, meanwhile, said that no nuclear power plant has used the problematic products.

The scandal was the most recent one of a series of scandals involving Japanese manufacturers, with Japan's Nissan Motor Co. saying last week that it will recall over 1.2 million vehicles which has undergone flawed safety inspections.

Takata, whose problematic airbags have been blamed for more than a dozen deaths, pleaded guilty in the United States in February for misleading automakers about the safety of the airbags.

"It's a severe situation for Japan's manufacturing industry," said Sadayuki Sakakibara, chairman of the Japan Business Federation (Keidanren).

"It's so regrettable that such things happened to companies that represent (the image of) Japan," he said, adding that manufacturers in question should find out the cause of such misconducts and make sure they never happen again.

 

[seven7seven]

These kind of scandals sum up the Japanese mindset perfectly. The societal demand for success at all costs means lying and burying their heads in the sand, when things go wrong, is all too common. Pride always comes before a fall.

Maybe this is why Japan and India get along so well at the moment because both have failing economies and both lie to their people. I think a bit of honest introspection is needed for these countries.

 

[Beast]

Made in Japan?

It is no more gurantee to be good. In fact , buy Japan made stuff may end up overpaying for low quality product.

Buy made in China product is better than made in Japan.

Japanese faces immense pressure from superior Chinese made product which can product quality and yet cheap due to lower wages. This spur Japanese to undercut / fabricated data of their quality to boast growth and increase profit.

These kind of scandals sum up the Japanese mindset perfectly. The societal demand for success at all costs means lying and burying their heads in the sand, when things go wrong, is all too common. Pride always comes before a fall.

Maybe this is why Japan and India get along so well at the moment because both have failing economies and both lie to their people. I think a bit of honest introspection is needed for these countries.

I think India HSR made/ design by Japan will crashed soon due to all the maximise profit and undercut method.

Conclusion, India will be scammed by Japanese. Just like buying Russia aircraft carrier.