Cooperation between Nippon Steel Bolten and Shinko Bolt

High tension bolt makers Nippon Steel Bolten Co.， Ltd. (President: Koichi Yoshida) and Shinko Bolt， Ltd. (President: Kiyoshi Ando) have announced today that they will pursue collaboration to improve their competitiveness.

While the details will be worked out from now， the collaboration will center on distribution cost measures including the effective utilization of transit warehouses and trucks， as well as on cooperation in procuring operating materials. This is the first concrete step in the collaboration between Nippon Steel and Kobe Steel which was announced in December last year.

The two companies intend to study， together with Nippon Steel and Kobe Steel， concrete measures by the end of the first-half of fiscal 2002 (ending September 2002) and to implement the measures in the second half of the fiscal 2002.

Profile of Nippon Steel Bolten Co.， Ltd.
Head office: Yukuhashi， Fukuoka
Established: September 1964
Capital: 300 million yen
Equity Structure: 100% owned by Nippon Steel
Sales: 5，237 million yen
Employees: 145
(Figures current as of March 31， 2001)


Profile of Shinko Bolt， Ltd.
Head office: Ichikawa， Chiba
Established: April 1961
Capital: 465 million yen
Equity Structure: 100% owned by Kobe Steel
Sales: 3，694 million yen
Employees: 78
(Figures current as of March 31， 2001)




For more information， please contact:

Nippon Steel Corporation
Kanke
Public Relations Center
Corporate Secretariat Div.
Tel +81 (0)3 3275-5023

Kobe Steel， Ltd.
Hamada
Publicity Group
Tel +81 (0)3 5739-6010

Nippon Steel Bolten Co.， Ltd.
Harada
Director (Sales)
Tel +81 (0)3 3820 3611


Shinko Bolt， Ltd.
Ohara
Director (Sales)
Tel +81 (0)47 328 6551