CHICAGO Toyota Tsusho
Corp. is looking to expand its nonferrous metals trading
operations in New York, according to market sources.
The move comes as the trading
house explores the possibility of changing its business model
in the United States from one that is mostly
customer-orientedsupplying Toyota Group companies, for
exampleto one that is geared more toward trading, sources
In the United States, Toyota
Tsusho would focus on trading aluminum, copper and tin, the
three main metals that the company now trades out of its
offices in Japan, sources said.
But market observers also
stressed that the Nagoya, Japan-based company hasnt made
any firm decisions and is exploring its options at present.
If realized, the move would mark
a return for Toyota Tsusho, which had previously operated a
more trade-oriented book out of New York.