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]