Nippon Steel Pipe Mexico S.A., a joint venture led by Nippon Steel & Sumitomo Metal Corp., has completed construction on its plant facilities in Silao, Mexico, and said that its commercial operations were on schedule, Nippon Steel announced June 28.
The Mexico plant will supply high-precision and high-quality products to Japanese, North American and European automakers. The new facilities began commercial operations in late May and have a production capacity of 2,000 tons a month.
Nippon Steel & Sumitomo Metal is Japan’s top steel maker. It holds a 55-percent stake in the joint venture; Sumitomo Pipe & Tube Co. and Sumitomo Corp. hold a combined 25-percent stake; while Metal One Corp. owns the remaining 20 percent.
Japanese automakers are looking to expand operations in Mexico, which is now the world’s eighth largest automobile producer, rolling out 3 million cars in 2012.
Source: THE ASAHI SHIMBUN