Kobe Steel executives bow in apology as cheating scandal escalates
Hiroya Kawasaki
CEO, Hiroya Kawasaki, said after?bowing in?apology?at the news conference, said that the firm plans to compensate customers, but has not yet received any requests
Crisis-hitKobeSteelLtd said on Friday (October 13) itssteeldivision has also falsely labelled products, the latest in a string of revelations confirming widespreadcheatingat the firm that has engulfed its global customers.
CEO, Hiroya Kawasaki, said afterbowing inapologyat the news conference, said that the firm plans to compensate customers, but has not yet received any requests.
KobeSteel's quality certificationscandalwidened as the company announced "inappropriate actions" related to data for nine additional products, including falsifying data or not carrying out required tests.
The company, Japan's third-biggeststeelmaker, said it had supplied affected products to about 500 companies in ascandalthat has rippled through the global supply chain.