September 8, 2021
Nippon Steel Corporation
Kobe Steel, Ltd.
Nippon Steel Metal Products Co., Ltd.
Kobelco Engineered Construction Materials Co., Ltd.
Nippon Steel Corporation (“Nippon Steel”), its wholly-owned subsidiary Nippon Steel Metal Products Co., Ltd. (“Nippon Steel Metal Products”), Kobe Steel, Ltd. (“Kobe Steel”) and its subsidiary Kobelco Engineered Construction Materials Co., Ltd. (“Kobelco Engineered Construction Materials”) have discussed the integration of the road-related business of Nippon Steel Metal Products and Kobelco Engineered Construction Materials (the “Integration”) scheduled for the second half of fiscal 2021. As the four companies settled the matters related to the Integration, today we concluded the final agreement on the Integration.
The Integration is subject to the approvals of Japanese and overseas competition authorities.
|1）Company name||Nippon Steel Metal Products Co., Ltd.||Kobelco Engineered Construction Materials Co., Ltd.|
|2）Business activities||Manufacturing and sales of light gauge steel sections, square steel tubing, deck plating, guard fencing, soundproof wall products, civil engineering products, foundation piles, disaster prevention products, designed steel sheeting, Beatty products, poles, NITTEX™, etc.||Manufacturing and sales of guard fencing, soundproof wall products, landscaping products, grating, disaster prevention products, structural members, etc.|
|3）Date of establishment||April 20, 1973||September 1, 1949|
|4）Location of Head office||4-14-1 Sotokanda, Chiyoda-ku, Tokyo Japan||46 Marushima-cho, Amagasaki-shi, Hyogo Japan|
|5）Representative director||Tomoaki Nakagawa (President & Representative Director)||Kan Kudo (President & Representative Director)|
|6）Capital||5,912 million yen||3,501 million yen|
|7）Major shareholders and its shareholding ratio||Nippon Steel Corporation 100%||Kobe Steel, Ltd. 96.8%
Shinsho Corporation 2.7%
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