Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Nippon Steel & Sumitomo Metal Corp    5401   JP3381000003

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Nippon Steel & Sumitomo Metal Corp : NSSMC receives orders for steel pipe pile with inner ribs for ICHTHYS LNG PROJECT in Australia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2013 | 07:40am CEST

Apr. 18, 2013

Nippon Steel & Sumitomo Metal Corporation

NSSMC receives orders for steel pipe pile with inner ribs
for ICHTHYS LNG PROJECT in Australia


NIPPON STEEL & SUMITOMO METAL CORPORATION (Chairman & CEO: Shoji Muneoka; hereinafter, the company is referred to as NSSMC) and its steel pipe pile joint corporation in Vietnam, NIPPON STEEL & SUMIKIN PIPE VIETNAM CO., LTD. (President: Kenichi Kanezaki; hereinafter, the company is referred to as "NPV") have recently received orders for large volumes of steel pipe pile with inner ribs for the INPEX-operated ICHTHYS LNG PROJECT which is currently under construction in Darwin, Australia.

Received through a joint effort with METAL ONE CORPORATION, the order covers 18,000 tons. This volume is the biggest for NPV equal to FORMOSA HA TINH STEEL PROJECT in Viet Nam.

NPV, founded through capital participation of 51% by NSSMC, 10% by VIETNAM STEEL CORPORATION, 20% by METAL ONE and 4.75% each by Sumitomo Corporation, Marubeni-Itochu Steel Inc., Hanwa Co., Ltd. and Nippon Steel Trading Co., Ltd., has successfully been operating its plant since the commencement in May 2011. NPV  has already acquired certifications of JIS, ISO9000, ISO14000 and OHSAS18001, an international occupational safety management system and is expected to further enhance its operation system.

In the construction of this project, pillars of the buildings are driven direct into the foundation piles for combination, and a special type of steel pipe piles with projections in the upper inner surface are required. NSSMC have many experiences and records about this special type of steel pipe piles. So,NSSMC transferred technology to NPV include quality control. NPV's total capabilities including the procurement of materials from NSSMC have been highly valued.

As conventional method to build foundation for plant, concrete footing process is essential after piling several piles with small diameter. This connecting method a) eliminates the need to make a footing, and b) Reduces waste soil by utilizing a small number of large diameter piles. These characteristics are well-suited to the Australian market which has strict environment regulations and high labor costs.    

As there are many oil and gas projects in Australia, demand for Steel Pipe Pile is expected to increase. NPV has already received several steel pipe pile orders for the Australia market, including this order. NPV is determined to actively develop its products for construction also in Southeast Asia and Oceania while further improving its foundations of production and quality management.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NIPPON STEEL & SUMITOMO ME
08/23 NIPPON STEEL & SUMITOMO METAL : Seoul court orders Japanese firm to compensate f..
08/17DJAsian Shares Mixed as China Approves Trading Link
08/12 CERTAIN HOT-ROLLED STEEL FLAT PRODUC : Final Determination of Sales at Less Than..
08/11 NIPPON STEEL & SUMITOMO METAL : Researchers Submit Patent Application, "Sliding ..
08/04 NIPPON STEEL & SUMITOMO METAL : Reports Summarize Safety Engineering Findings fr..
08/04 NIPPON STEEL & SUMITOMO METAL : Findings from Nippon Steel & Sumitomo Metal Corp..
08/02 NIPPON STEEL & SUMITOMO METAL : EGalv Steel Receives Best Supplier Award 2016 fr..
08/01 NIPPON STEEL & SUMITOMO METAL : EGalv Steel Receives Best Supplier Award 2016 fr..
07/28 NIPPON STEEL & SUMITOMO METAL : Patent Issued for Brake Lining for Railway Vehic..
07/28 NIPPON STEEL & SUMITOMO METAL : Announcement of Revision to Subsidiary’s E..
More news
Sector news : Steel - NEC
08/22 ARCELORMITTAL SOUTH AFRICA : to pay record $110 mln to settle anti-trust charges
08/21DJFORTESCUE METALS : Net Profit Triples, Dividend Jumps
08/17 THYSSENKRUPP : Rio prosecutors investigate tax breaks for ThyssenKrupp plant
08/16DJSome Firms Intensify Push for Gender Parity at Board Level
08/16DJBHP Billiton Reports Worst-Ever Annual Loss
More sector news : Steel - NEC
News from SeekingAlpha
04/28 CONSTRUCTING A PURE ALPHA JAPAN PORT : Portable Alpha In A Negative Interest Rat..
04/08 Ternium Toughing It Out Amid Weak Prices
02/01 Top 4 Industrial Metal Producers - 20% Upside And Dividends Up To 28%
2015 Oilfield Equipment - Gaps Should Guide Investments
2015 HERE'S A GOOD ONE : The U.S. Is 'Dumping Steel' In Europe... Seriously
Advertisement
Financials ( JPY)
Sales 2017 4 634 614 M
EBIT 2017 -
Net income 2017 115 841 M
Debt 2017 1 857 692 M
Yield 2017 1,74%
P/E ratio 2017 15,87
P/E ratio 2018 10,65
EV / Sales 2017 0,83x
EV / Sales 2018 0,77x
Capitalization 2 001 852 M
More Financials
Chart NIPPON STEEL & SUMITOMO ME
Duration : Period :
Nippon Steel & Sumitomo Me Technical Analysis Chart | 5401 | JP3381000003 | 4-Traders
Full-screen chart
Technical analysis trends NIPPON STEEL & SU...
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 2 297  JPY
Spread / Average Target 9,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kosei Shindo President & Representative Director
Shoji Muneoka Chairman
Shinya Higuchi Representative Director & Vice President
Soichiro Sakuma Representative Director & Vice President
Yasumitsu Saeki Managing Director & Manager-Flat Products Unit
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NIPPON STEEL & SUMITOM..-15.83%19 996
VALE SA57.76%28 320
ARCELORMITTAL85.49%19 457
POSCO--.--%17 049
NUCOR CORPORATION24.84%16 016
THYSSENKRUPP AG14.97%13 529
More Results