NEW YORK ArcelorMittal Dofasco is now the sole owner of DJ Galvanizing Corp. after Japanese steelmaker JFE Steel Corp. pulled out of the joint venture, an ArcelorMittal spokeswoman told AMM.
A spokesman for JFE Steel, which previously held a 50-percent stake in DJ Galvanizing, also confirmed the Japanese companys exit from the joint venture.
Windsor, Ontario-based DJ Galvanizing operates a hot-dip galvanizing line, providing zinc-coated steel primarily for automotive applications. It is capable of producing 400,000 tonnes per year.
ArcelorMittal Dofasco, Hamilton, Ontario, and JFE Steel, Tokyo, in 2003 entered a long-term agreement that allowed ArcelorMittal Dofasco to increase its use of the joint-venture galvanizing line, with the goal of eventually using 100 percent of the lines capacity (amm.com, July 30, 2003).
There have been no changes to DJ Galvanizings day-to-day customer interaction, and ArcelorMittal Dofascopart of Luxembourg-based ArcelorMittal SAremains "focused on continuous improvement" and will "strive for customer service and quality of the highest standards in the industry," the spokeswoman said.