Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced that it will conduct a share exchange with Sumitomo Pipe & Tube Co., Ltd. (SPT) effective as of August 1, 2013 to incorporate SPT as its wholly owned subsidiary. Accordingly, common shares of SPT are scheduled to be delisted as of July 29, 2013, from the first section of the Tokyo stock exchange.
Additionally, NSSMC, SPT and Nittetsu Steel Pipe Co., Ltd. (NSP) have reached a basic agreement with the aim of further increasing the competitiveness of the businesses. The electric resistance-welded tube businesses for mechanical structures and general structures which the three companies operate will be reorganized, focusing on the merger of SPT and NSP effective as of October 1, 2013.
NSSMC to incorporate Sumitomo Pipe & Tube
Similar articles
US issues preliminary results of CVD review on large diameter welded pipe from Türkiye
04 Jun | Steel News
Local Chinese steel pipe prices move sideways or fluctuate slightly amid declining billet prices
04 Jun | Tube and Pipe
Chinese steel pipe export offer prices rise further amid ongoing Middle East crisis
03 Jun | Tube and Pipe
Marketplace Offers
ERW Longitudinal Galvanized Flat Pipe
External Diamater: 21.7 - 139.7 mm
Wall Thickness: 12.7 - 127 mm
CONARES METAL SUPPLY
External Diamater: 21.7 - 139.7 mm
Wall Thickness: 12.7 - 127 mm
CONARES METAL SUPPLY
ERW Longitudinal Black Pipe
External Diamater: 21.3 - 139.7 mm
Wall Thickness: 12.7 - 127 mm
CONARES METAL SUPPLY
External Diamater: 21.3 - 139.7 mm
Wall Thickness: 12.7 - 127 mm
CONARES METAL SUPPLY
ERW Longitudinal Black Pipe
External Diamater: 21.3 - 114.3 mm
Wall Thickness: 1.2 - 6 mm
INCOSTEEL
External Diamater: 21.3 - 114.3 mm
Wall Thickness: 1.2 - 6 mm
INCOSTEEL