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Nisshin Steel Co., Ltd. (Head office: Chiyoda-ku, Tokyo; President: Toshihiko Ono) and Nippon Metal Industry Co., Ltd. (Head office: Shinjuku-ku, Tokyo; President: Hiroshi Miyata) announced that they have agreed to share their production facilities, distribution systems, and management resources in order to secure a stable product supply for customers and to study an alliance in the stainless steel business with a view to enhancing their market competitiveness.
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[Specific programs pursued]
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Mutual toll processing through flexible use of both companies' facilities
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Cost reduction through logistical cooperation and joint procurement of raw materials and supplies
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Cooperative arrangements to reinforce both companies' operating strengths
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For further details, please contact:
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PR & IR Team, General Affairs Div., Nisshin Steel Co., Ltd. (03-3216-5566)
IR Room, Management Planning Div.,Nippon Metal Co., Ltd. (03-3345-5417)
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