Japanese steelmakers
Nippon Steel and Sumitomo Metals have announced that their subsidiaries
Nippon Steel Logistics and Sumitomo Metal Logistics Service have agreed to integrate and reorganize their business operations on the scheduled date of April 1, 2013.
The integrated company to be named
Nippon Steel & Sumikin Logistics Co., Ltd and be wholly owned by
Nippon Steel & Sumitomo Metal Corporation aims to realize integration synergies quickly and become an efficient, profitable and competitive logistics company.