Nippon Steel Corporation and Sumitomo Metal Industries, Ltd jointly announced that they have agreed to commence consideration of the integration of their entire businesses, targeted for October 1st 2012. The Companies will, with the spirit of their relationship being based on equality, proceed to consider the Business Integration.
The Companies would, through the Business Integration, accelerate their global strategies and realize a level of competitiveness which is globally outstanding in all aspects, including technology, quality, and cost, by combining their respective resources that each has built up, and generate synergies through consolidation of the superiority area in their respective businesses. By implementing these measures, the companies, in the midst of drastic changes to the overall business environment, aim to become a truly world-leading comprehensive steel manufacturer. In addition, through the Business Integration, the Companies aim to better respond to the needs of customers both in Japan and overseas and desire to contribute to further development of the Japanese and global economy and improvement of global society.
| Trade Name | Nippon Steel Corporation |
| Description of Business Activities | 1. Steelmaking and steel fabrication (Manufacturing and sales of steel) |
| 2. Engineering and Construction | |
| 3. Urban development | |
| 4. Chemicals | |
| 5. New materials | |
| 6. System solutions | |
| Date of Establishment | March, 1970 |
| Head Office Location | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo |
| Representative Name | Mr Shoji Muneoka |
| Title | Representative Director and President |
| Net Sales* | JPY 4,100 billion |
| Crude Steel Production** | 34.480 million tonnes |
| Capital (March 31, 2010) | JPY 419.5 billion |
| No of Employees Mar 31’10 | 52,205 (15,845 on a non-consolidated basis) |
Net Sales* (Consolidated basis) (Estimated for FY 2010)
Crude Steel Production** (Consolidated basis including subsidiaries) 2010
| Trade Name | Sumitomo Metal Industries, Ltd. |
| Description of Business Activities | 1. Steelmaking and steel fabrication (Manufacturing and sales of steel) |
| 2. New materials | |
| 3. Civil engineering, construction, plant | |
| 4. Electric component | |
| 5. Electric power supply | |
| 6. System solutions | |
| Date of Establishment | July, 1949 |
| Head Office Location | 5-33, Kitahama 4-chome, Chuo-ku, Osaka |
| Representative Name | Mr Hiroshi Tomono |
| Title | Representative Director and President |
| Net Sales* | JPY 1,500 billion |
| Crude Steel Production** | 13.320 million tonnes |
| Capital (March 31, 2010) | JPY 262 billion |
| No of Employees Mar 31’10 | 23,674 (7,079 on a non-consolidated basis) |
Net Sales* (Consolidated basis) (Estimated for FY 2010)
Crude Steel Production** (Consolidated basis including subsidiaries) 2010
