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.