Dec. 24, 2020

Nippon Steel Corporation

Since Nippon Steel Corporation (Nippon Steel) started investments toward Siam Tinplate Co., Ltd. (STP) in 1990, it has supplied tinplate and tin free steels for customers as a manufacturing and sales base in Thailand

Nippon Steel, Sumitomo Corporation, Metal One Corporation, and other existing shareholders have agreed towards having Nippon Steel acquire shares of other existing shareholders by around February 2021. With this, STP will become a consolidated subsidiary of Nippon Steel.

Thailand is a base for food can exports to many countries, and the demand for tinplate is expected to continue. With the consolidation of STP, Nippon Steel will reinforce its management foundation consistent with NS-Siam United Steel Co., Ltd. (NS-SUS), which is a manufacturing base for black plates.

[Overview of STP]

• Company name    　   Siam Tinplate Co., Ltd.
  
• Business description   Manufacturing and sales of tinplate and tin free steel
  
• Location        　         Map Ta Phut Industrial Estate, Rayong, Thailand
  
• Establishment        　 August 1988 (commercial production from February 1992)
  
• Capital        　           800 million baht (approximately 2.6 billion yen)
  
• Shareholder composition Current:  Sumitomo Corporation, Metal One Corporation, Nippon Steel Corporation, Nippon Steel Trading Corporation, TOMIYASU & CO., LTD., and Thailand shareholders
  After consolidation:   Nippon Steel Corporation (approximately 90%) and Thailand shareholders (approximately 10%)
  
• Manufacturing facilities (nominal capacity)    Tinplate lines (140 thousand tons/year),                                                                                  tin free steel lines (120 thousand tons/year)