Nippon Steel to merge two plantmaker subsidiaries

Friday, 28 September 2012 17:59:51 (GMT+3)   |  
       

Japanese steelmaker Nippon Steel has announced that its two consolidated subsidiaries, Taihei Kogyo Co., Ltd and Nittetsu Elex Co., Ltd, are scheduled to merge as of October 1, 2013, with Taihei Kogyo remaining as the surviving company.

While aiming to become the best steelmaker with world-leading capabilities as Nippon Steel & Sumitomo Metal Corporation which to be formed in October this year, Nippon Steel has been focusing on the reduction of total facility costs and the maintenance and improvement of leading-edge facility technology, in order to attain this objective.

Both Taihei Kogyo and Nittetsu Elex are core subsidiaries of Nippon Steel responsible for the design, construction and maintenance of its steelmaking facilities.


Similar articles

Chinese pipe producer sells Houston OCTG Group to Southern Tube

02 Oct | Steel News

Sumitomo Metals acquires its own shares from Nippon Steel

04 Sep | Steel News

Nippon Steel Pipeline and Sumitomo Metal Pipeline agree to merge

27 Jun | Steel News

Sumitomo and Nippon receive shareholders’ approval for merger

26 Jun | Steel News

Nippon and Sumitomo ink final deal on business integration

27 Apr | Steel News

Nippon and Sumitomo receive necessary approvals for merger

19 Mar | Steel News

Nippon-Sumitomo merger also receives approval from India

30 Dec | Steel News

Japan approves merger of Nippon Steel and Sumitomo Metal

15 Dec | Steel News

Nippon Steel and Ternium/Tenaris increase stakes in Usiminas

28 Nov | Steel News

Nippon Metal and Nisshin Steel deny merger reports

16 Nov | Steel News