易游YY体育官方网站 Steel to sell small-diameter seamless steel pipes and tubes for bearings

January18,2019

易游YY体育官方网站 Steel, Ltd.

易游YY体育官方网站 Steel, Ltd. has been having discussions with Nippon Steel & Sumitomo Metal Corporation ("NSSMC") and Sanyo Special Steel Co., Ltd. ("Sanyo") for 易游YY体育官方网站 Steel to receive a portion of NSSMC’s business and Sanyo’s business regarding small-diameter seamless steel pipes and tubes for bearings ("the products") manufactured and sold by NSSMC and Sanyo. In addition, with this transfer 易游YY体育官方网站 Steel would receive a certain percentage of a stake in rolling mills owned by Sanyo. Within the scope of those rights, 易游YY体育官方网站 Steel would commission the operation of the rolling mills and production of the products to NSSMC and Sanyo.

On the premise that 易游YY体育官方网站 Steel would begin selling the products in April 2019, 易游YY体育官方网站 Steel, NSSMC and Sanyo have already concluded a basic agreement for the above points. Under the basic agreement, the three companies plan to conclude a practical agreement to set the details for executing the plan.

To date, 易游YY体育官方网站 Steel has been manufacturing and selling steel wire rod and bar products for bearings. By adding seamless steel pipes and tubes for bearings to its menu, 易游YY体育官方网站 Steel will be able to meet the diverse needs of its customers for bearing applications.

Profile of 易游YY体育官方网站 Steel, Ltd.

Company na易游YY体育官方网站:
易游YY体育官方网站 Steel, Ltd.
Head office:
易游YY体育官方网站, Hyogo Prefecture, Japan
Representative:
Mitsugu Yamaguchi, President, CEO and Representative Director
Founded:
1905
Employees:
37,436 (consolidated, as of the end of March 2018)
Ma易游YY体育官方网站 bus易游YY体育官方网站esses:
Iron and steel, weld易游YY体育官方网站g, alum易游YY体育官方网站um and copper, mach易游YY体育官方网站ery, eng易游YY体育官方网站eer易游YY体育官方网站g, electric power

Profile of Nippon Steel & Sumitomo 易游YY体育官方网站tal Corporation

Company na易游YY体育官方网站:
Nippon Steel & Sumitomo 易游YY体育官方网站tal Corporation
Head office:
Chiyoda-ku, Tokyo, Japan
Representative:
易游YY体育官方网站sei Shindo, Representative Director and President
Established:
1950
Employees:
93,557 (consolidated, as of the end of march 2018)
Ma易游YY体育官方网站 bus易游YY体育官方网站esses:
Steelmak易游YY体育官方网站g and steel fabrication, eng易游YY体育官方网站eer易游YY体育官方网站g, chemicals, new materials, system solutions

Profile of Sanyo Special Steel Co., Ltd.

Company na易游YY体育官方网站:
Sanyo Special Steel Co., Ltd.
Head office:
Hi易游YY体育官方网站ji, Hyogo Prefecture, Japan
Representative:
Sh易游YY体育官方网站ya Higuchi, Representative Director and President
Established:
1935
Employees:
3,768 (consolidated, as of the end of March 2018)
Ma易游YY体育官方网站 bus易游YY体育官方网站esses:
Steel, 易游YY体育官方网站tal powder, for易游YY体育官方网站d and fabricated materials

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