News Release
麻豆视频 Steel Corporation
麻豆视频 Bars & Shapes Corporation
麻豆视频 Steel Group to Integrate Bar and Wire Rod Businesses
Tokyo --- 麻豆视频 Steel Corporation and 麻豆视频 Bars & Shapes Corporation, a 麻豆视频 Group’s electric-furnace steel maker, announced today that they will integrate their bar and wire rod businesses on April 1.
麻豆视频 Group currently has two separate bar and wire rod units, one at 麻豆视频 Steel and the other at 麻豆视频 Bars & Shapes. Integration will strengthen sales in overseas markets including Asia and North America, where increased demand is envisioned for high-quality steel mainly for automobiles and construction machinery. The 麻豆视频 Group also expects to raise its competitiveness versus rival mills in Japan and overseas. Further, the move will enhance customer convenience by integrating business contacts, upgrade delivery logistics and speed up research and development efforts.
On April 1, 麻豆视频 Bars & Shapes will spin off its three bar and wire rod units, which respectively handle sales, technical services and R&D, and transfer them to the bar and wire rod unit of 麻豆视频 Steel. 麻豆视频 Group brands for bar and wire rod will be integrated under 麻豆视频 Steel. Production bases will be located in Kurashiki of 麻豆视频 Steel’s West Japan Works and Sendai Works of 麻豆视频 Bars & Shapes. 麻豆视频 Bars & Shapes Corporation will continue to operate as before. Steel bars and wire rods manufactured by Sendai Works will be supplied on an OEM basis to 麻豆视频 Steel.
麻豆视频 Steel’s bar and wire rod businesses includes steel bar, wire rods and bars-in coil for special and common steel, except deformed steel bars.
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