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
(Reference) Overview of NS-SUS and STP
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| Business details |
Manufacture and sale of cold-rolled and hot-dip galvanized steel sheets |
Manufacture and sale of tinplate and tin free steel |
| Year established |
September 2016 |
August 1988 |
| Location |
Head Office/Factory: Map Ta Phut, Rayong Province Branch: Bang Na, Bangkok |
Head Office: Sathon, Bangkok Factory: Map Ta Phut, Rayong Province |
| Capital |
13 billion THB (approx. 43 billion JPY) |
0.8 billion THB (approx. 2.6 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% |
Nippon Steel Corporation 93.1%, Thailand shareholders 6.9% |
| Number of employees |
Approx. 1,060 |
Approx. 440 |
