Feb. 10, 2016

Nippon Steel & Sumitomo Metal Corporation
The Siam United Steel (1995) Co., Ltd.
Nippon Steel & Sumikin Galvanizing (Thailand) Co., Ltd.

Integration of Steel Sheet Business Companies in Thailand


Two consolidated subsidiaries of Nippon Steel & Sumitomo Metal Corporation (NSSMC), namely The Siam United Steel (1995) Co., Ltd. (SUS), manufactures and sells of 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, have agreed on February 9, 2016 to integrate in September of this year.

The newly integrated company plans to be named as NS-Siam United Steel Co., Ltd. (NS-SUS).

1. Purpose of the Integration
SUS was established in 1995 as a joint-venture between Thai shareholders, including the Siam Cement Group, and Japanese shareholders. NSGT was established in 2011 as a subsidiary of the former Nippon Steel Corporation. Since the establishment of NSGT, both companies have taken advantage of their locations on the same premises and developed their steel sheet product businesses for Thailand and other ASEAN region.

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 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 of automotive use compatible. Moreover, the new company will further enhance competitiveness and capability to support our 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.

2. Schedule for the Integration
February 2016: SUS and NSGT sign the entire business transfer agreement.
September 1, 2016: NS-SUS inauguration*
*Subject to the necessary government approvals.

3. Outline of the New Company

(1) Name NS-Siam United Steel Co., Ltd. (NS-SUS)
(2) Location of
headquarters
 Headquarters: Map Ta Phut, Rayong Province
Branch office: Bangna, Bangkok
(3) Business Manufacture and sale of cold-rolled steel and hot-dip galvanized
and galvannealed steel sheets
(4) Capital 13 billion baht (approx. 43 billion yen) (assuming the exchange rates of
JPY 120/$, THB 36.0/$.)
(5) Shareholders
 Nippon Steel & Sumitomo Metal Corporation: 80.2%;
Mitsui & Co., Ltd.: 6.2%; Metal One Corporation: 5.0%;
Sumitomo Corporation: 3.5%;
Nippon Steel & Sumikin Bussan Corporation: 0.3%;
Thai Tinplate Mfg. Co. Ltd.: 4.8%
(6) Production
capacity
 Cold-rolled steel sheets: 1 million tons/year; hot-dip galvanized steel
sheets: 360,000 tons/year
(7) Number of
employees
 Approximately 1,100
Reference: Outline of NSGT and SUS
Business Manufacture and sale of automotive
hot-dip galvanized and galvannealed
steel sheets. 		Manufacture and sale of cold-rolled
steel sheets
Established 2011 1995
Location Headquarters: Map Ta Phut, Rayong
Province
Branch office: Bangna, Bangkok
 Headquarters: Map Ta Phut, Rayong
Province
Branch office: Bangna, Bangkok
Representative Akihiko Ota Hiroaki Sato
Capital THB 3.591 billion THB 9 billion
Shareholders Nippon Steel & Sumitomo Metal
Corporation: 100%
 Nippon Steel & Sumitomo Metal
Corporation: 72.7%;
Mitsui & Co., Ltd.: 8.6%;
Metal One Corporation: 6.9%;
Sumitomo Corporation: 4.8%;
Nippon Steel & Sumikin Bussan
Corporation: 0.4%;
Thai Tinplate Mfg. Co. Ltd.: 6.7%
Total assets
(as of the end
of December
2014)
 THB 10.786 billion THB 13.141 billion
Number of
employees
(as of the end
of December
2015)
 260 867
For inquiriesNSSMC Public Relations Center 　Tel.: +81-3-6867-2146,2135,2977,3419

Nippon Steel & Sumitomo Metal Corporation issued this content on 10 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 February 2016 05:01:23 UTC

Original Document: http://www.nssmc.com/en/news/20160210_100.html