OREANDA-NEWS. April 04, 2011. Nippon Steel Corporation (President: Shoji Muneoka, hereinafter “Nippon Steel”) has decided to build a hot-dip galvanizing plant and to establish a new company for the manufacture and sale of hot-dip galvanized and galvannealed steel sheets primarily for automotive use in Thailand.

The new company is expected to build a hot-dip galvanizing plant in Rayong Province, Thailand, which is equivalent to the state-of-the-art equipment now in operation at Nippon Steel’s steelworks in Japan. Construction of the facility would require a total investment of approximately USD 300 million and is expected to commence production of high-grade and high-quality galvanized and galvannealed steel sheets, including automotive outer-panel and high-strength steel, in 2013.

The Thai steel market is a growing and important market for Nippon Steel, and continued growth is anticipated in the future. Through this new company, Nippon Steel intends to provide steel products appropriately corresponding to customers’ needs, including for high-grade automotive steel sheets.

The new company’s profile:
•Company name:Nippon Steel Galvanizing （Thailand） Co., Ltd.
(Tentative name)
•Location:Rayong Province, Thailand
•Business:Manufacture and sale of galvanized and galvannealed steel sheet
•Capital: USD 88 million
•Equity ratio:Nippon Steel 100%

Outline of the new plant:
•Productive capacity:360,000 tons/year
•Investment:approx. USD 300 million
•Start of operation:2013