Jan. 27, 2016
NIPPON STEEL Corporation
Joint Venture Manufacturing Steel Wires for Cold Heading and Forging to be established in USA
NIPPON STEEL Corporation (hereinafter “NSSMC”) has decided to establish a new company called, “NIPPON STEEL COLD HEADING WIRE INDIANA INC. (hereinafter “NSCI”), manufacturing and selling steel wires for cold heading and forging for automobiles in Indiana, USA. NSCI will be established through joint investment from Matsubishi Metal Industry Co., Ltd., Nippon Steel & Sumikin Steel Processing Co., Ltd., Miyazaki Seiko Co., Ltd., Sanyu Co., Ltd., Toyota Tsusho Corporation, Nippon Steel & Sumikin Bussan Corporation, Metal One Corporation, and Sumitomo Corporation.
Steel wires for cold heading and forging are mainly used for automobile fasteners and other kind of parts, and they are produced by adding secondary process (pickling, coating, wire drawing, heat treatment, and so on) to steel wires. Most uses are for important safety related parts and therefore the quality requirements, such as materials and dimension accuracy, are extremely high. In order to satisfy these requirements, strict quality management is necessary for wire rods and secondary process. As NSSMC foresees continuous and stable growth of the automobile market in North America, in addition to our plants in Thailand and China we have decided to establish this third plant in the USA to meet the demand for Japanese automobile and parts manufacturers.
Furthermore, NSCI will be the 12th member company of NSSMC’s bar and wire rods business brand SteeLinC™.
Reference）SteeLinC Website https://www.nipponsteel.com/en/steelinc/product/xsteelia/cold_heading.html
（the product page on cold heading wire.）
|Company Name||：||NIPPON STEEL COLD HEADING WIRE INDIANA INC.（NSCI）|
|Head Office|| ：
|Business||：||Manufacture and sales of steel wire for cold heading and forging|
|Capital Ratio|| ：
||NIPPON STEEL Corporation 42%, Matsubishi Metal Industry Co., Ltd. 5%, Nippon Steel & Sumikin Steel Processing Co., Ltd. 5%, Miyazaki Seiko Co., Ltd. 5%, Sanyu Co., Ltd. 1%, Nippon Steel & Sumikin Bussan Corporation 10%, Toyota Tsusho Corporation 12%, Metal One Corporation 10%, Sumitomo Corporation 10%|
|Investment||：||Approximately US$50 million|
||Pickling and coating line: 1 unit; wire drawing machine: 4 units; heat treating furnace: 2 units|
|Production start|| ：
||Scheduled for January 2018|
For more information, please contact:
Public Relations Center, General Administration Div., TEL: +81-3-6867-2977