Nippon Steel Pipeline and Sumitomo Metal Pipeline and Piping Agreed to Merge
2012/06/26
Nippon Steel Corporation
Sumitomo Metal Industries, Ltd.
Nippon Steel Engineering Co., Ltd.
Nippon Steel Pipeline Co., Ltd.
Sumitomo Metal Pipeline and Piping, Ltd.
Nippon Steel Pipeline Co., Ltd. (President: Kazuyoshi Onohara, “Nippon Steel Pipeline”) and Sumitomo Metal Pipeline and Piping, Ltd. (President: Hidenori Nomura, “Sumitomo Metal Pipeline”) have agreed to merge on October 1, 2012. Nippon Steel Pipeline is a wholly-owned subsidiary of Nippon Steel Engineering Co., Ltd. (President: Makoto Takahashi, “Nippon Steel Engineering”), while Sumitomo Metal Pipeline is a wholly-owned subsidiary of Sumitomo Metal Industries, Ltd. (President: Hiroshi Tomono, “Sumitomo Metals”). Subject to the business integration of Nippon Steel Corporation (President: Shoji Muneoka, “Nippon Steel”) and Sumitomo Metals, the merger of Nippon Steel Pipeline and Sumitomo Metal Pipeline has been approved by the boards of directors of Sumitomo Metals, Nippon Steel Engineering, Nippon Steel Pipeline and Sumitomo Metal Pipeline. The name of the merged company will be “NIPPON STEEL & SUMIKIN PIPELINE & ENGINEERING CO. LTD.”. It is planned to be a wholly-owned subsidiary of Nippon Steel Engineering (It is scheduled to change its company name to Nippon Steel & Sumikin Engineering Co., Ltd. on October 1, 2012).
