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

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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
04/21 Asia steelmaker shares rise despite Trump salvo on trade
04/20 NIPPON STEEL & SUMITOMO METAL : Patent Issued for Flash Butt Welding Method of R..
04/07 NIPPON STEEL & SUMITOMO METAL : Studies from Nippon Steel & Sumitomo Metal Corp ..
04/06 NIPPON STEEL & SUMITOMO METAL : Findings on Materials Science Reported by Invest..
04/03 NIPPON STEEL & SUMITOMO METAL : Anti-Corrosion Processing with Titanium Foil Is ..
03/31 NIPPON STEEL & SUMITOMO METAL : Change in Director, Member of the Board
03/30 NIPPON STEEL & SUMITOMO METAL : New Tribology Findings Reported from Nippon Stee..
03/30 NIPPON STEEL & SUMITOMO METAL CORPOR : - Notice regarding Candidate for Supervis..
03/29 VALLOUREC : Appointment of a new Board member to the Supervisory Board
03/27 Notice concerning Planned Partial Sale of Sumitomo Precision Products Shares ..
More news
Sector news : Steel - NEC
04/21 French stocks slip in flat European market as vote nears
04/21 HYUNDAI STEEL : South Korea to raise issue of U.S. steel import restrictions at ..
04/21 Asia steelmaker shares rise despite Trump salvo on trade
04/21 SOUTH KOREA NEEDS TO CONSIDER A COMP : steel industry source
04/21 China steel shares mostly up after Trump launches probe
More sector news : Steel - NEC
News from SeekingAlpha
02/02 Nippon Steel & Sumitomo Metal Corp ADR reports FQ3 results
2016 The Ruble, Coking Coal And Mechel Valuations
2016 Have Bulk Commodities Peaked? Iron Ore Prices Make It Seem That Way
2016 JAPAN GOLD : First Foreign Gold Miner In Japan
2016 CONSTRUCTING A PURE ALPHA JAPAN PORT : Portable Alpha In A Negative Interest Rat..
Advertisement
Financials ( JPY)
Sales 2017 4 631 402 M
EBIT 2017 -
Net income 2017 90 454 M
Debt 2017 1 989 540 M
Yield 2017 1,02%
P/E ratio 2017 25,09
P/E ratio 2018 11,14
EV / Sales 2017 0,94x
EV / Sales 2018 0,80x
Capitalization 2 357 272 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
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 3 143  JPY
Spread / Average Target 27%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kosei Shindo President & Representative Director
Shoji Muneoka Chairman
Toshiharu Sakae Representative Director, VP & Head-Finance
Shinji Fujino Representative Director, VP & Head-Technology
Soichiro Sakuma Representative Director, VP & Head-Legal Affairs
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NIPPON STEEL & SUMITOM..-5.00%21 600
ARCELORMITTAL1.77%23 452
POSCO--.--%20 786
NUCOR CORPORATION0.81%19 140
THYSSENKRUPP AG-5.19%13 028
FOSUN INTERNATIONAL LI..5.47%12 765
More Results