The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced that its two consolidated subsidiaries in Thailand, The Siam United Steel (1995) Co., Ltd (SUS), which manufactures and sells cold rolled steel sheets, and Nippon Steel & Sumikin Galvanizing (Thailand) Co., Ltd (NSGT), which manufactures and sells hot dip galvanized steel sheets mainly for automobiles, agreed on February 9, 2016 to integrate in September of this year.
According to the statement of NSSMC, the integration of these two companies will allow the realization of the best steel sheet mill with the leading capabilities for steel sheet products in the Thai and ASEAN markets. The new company will be able to maximally demonstrate the superiority of only one cold rolling-galvanizing integrated mill in Thailand manufacturing steel sheet products compatible for automotive use. Moreover, the new company will further enhance competitiveness and capability to support its customers with quality, delivery and advanced technologies by integrating and utilizing the management resources, including the management know-how and local personnel cultivated in Thailand since 1995.