TOKYO Marubeni-Itochu Steel America Inc. (Misa) has combined three of its metal processing subsidiaries as part of its drive to streamline its operations in the southern United States.
Misa Metal Processing Inc. (MMP) merges Misa Metal Blanking Inc., Birmingham, Ala.; Misa Metal Processing of Kentucky Inc., Louisville, Ky.; and Misa Metal Processing of Tennessee Inc., Portland, Tenn.
The newly formed company is headquartered at the Portland slitting operation. With additional slitting capability at the Louisville plant and blanking capability at the Birmingham facility, it will operate four slitting lines and two blanking lines.
New York-based Misa has been moving over the past several years to organize and streamline its subsidiary operations, and the merger positions MMP to support the future growth of automobile production and other industries requiring high-quality metal processing in the southern United States, Misa said.
Misa is a wholly owned subsidiary of Marubeni-Itochu Steel Inc., which itself is a 50-50 joint venture of Japans Marubeni Corp. and Itochu Corp., according to its website.
A version of this article was first published by AMM sister publication Steel First.