Latest mergers in Japan could be last round of consolidation for a while
Oct 01, 2012 | 10:30 AM
| None
Tags
Japanese steel,
steel consolidation,
Japan mergers,
Nippon Steel & Sumitomo Metal,
Nisshin Steel Holdings,
Nippon Steel,
Sumitomo Metal Industries,
Nisshin Steel
Nippon Metal Industry
TOKYO — The Japanese steel industry on Oct. 1 saw the creation of two major entities, Nippon Steel & Sumitomo Metal Corp. and Nisshin Steel Holdings Co. Ltd., marking the biggest day in the history of the industry’s consolidation since NKK Corp. merged with Kawasaki Steel Corp. 10 years ago to form JFE Holdings Inc.
But the two new groups will face major challenges amid growing competition overseas and a host of short- and long-term problems at home.
Nippon Steel & Sumitomo Metal has said that its business strategy will revolve around three major principles: cost-cutting and streamlining its operations, expanding its presence overseas, and maintaining its technological edge over rivals.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here