Concentration of Production Bases/Unified Marketing of Specialty Stainless Steel Plate and Concentration of Production Bases of Titanium Plate
Nippon Steel & Sumitomo Metal Corporation (Chairman & CEO: Shoji Muneoka, “NSSMC”) and Nippon Steel & Sumikin Stainless Steel Corporation (President: Hitoshi Ito, “NSSC”), relative to specialty stainless steel plate, with a view to structuring an optimum business operation setup within the NSSMC group, have decided to concentrate its manufacture from NSSMC’s Naoetsu Works into NSSC’s Yawata Works, also unifying its sales functions into NSSC. NSSMC and NSSC will make explanations to their customers, putting this concentration and unification into effect at appropriate times from January 2014 onward.
Relative to titanium plate now being manufactured at NSSMC’s Naoetsu Works, from the standpoint of structuring an optimal production setup within the NSSMC group, its manufacture will be concentrated into NSSC’s Yawata Works. Following due explanations to the customers, this concentration will be implemented within fiscal 2014.
The NSSMC group will continue to further strengthen the titanium plate and specialty stainless steel plate businesses.