Nov. 30, 2021

Nippon Steel Corporation
NS-Siam United Steel Co., Ltd.
Siam Tinplate Co., Ltd.

NS-Siam United Steel Co., Ltd. (“NS-SUS”) and Siam Tinplate Co., Ltd. (“STP”), which are Thailand manufacturing and sales subsidiaries of Nippon Steel Corporation (“Nippon Steel”) for cold-rolled and hot-dip galvanized steel sheets and for tinplate and tin free steel, respectively, have agreed to merge around April 2022.

1. The objective of the merger
Since STP became our consolidated subsidiary in March 2021, Nippon Steel has been aiming to strengthen the cohesive management of STP and NS-SUS, which is our manufacturing base for tin mill black plates, as our group companies. The objective of this merger is to strongly promote the reinforcement of the infrastructure throughout the end-to-end process and further enhance our ability to meet customer needs and competitiveness in terms of quality, delivery, etc. by fully utilizing the corporate resources of both companies.

2. Date of the merger
Around April 1, 2022*  (*) Subject to the required government approval

3. Overview of the integrated company

• Company name    NS-Siam United Steel Co., Ltd. (Abbrev.: NS-SUS)
• Location    　　　  Head Office/Factory: Map Ta Phut, Rayong Province
                             Branch: Bang Na, Bangkok
• Business details    Manufacture and sale of cold-rolled and hot-dip galvanized steel sheets tinplate
                             and tin free steel
•  Capital                13 billion THB (approx. 43 billion JPY)
•  Shareholder composition    Nippon Steel Corporation 80.2%, Mitsui & Co., Ltd. 6.2%,
                                           Metal One Corporation 5.0%, Sumitomo Corporation 3.5%,
                                           Nippon Steel Trading Corporation 0.3%,
                                           Thai Tinplate Mfg. Co., Ltd. 4.8%
• Production facility    Cold-rolled steel 1 million tons/year, hot-dip galvanized steel 360,000 tons/year,
                               Tinplate 140,000 tons/year, tin free steel 120,000 tons/year
• Number of employees    Approx. 1,500
  

(Reference) Overview of NS-SUS and STP

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