October 25, 2012
Nippon Steel & Sumikin Metal Products Co., Ltd.

Establishment of joint venture to manufacture and sell steel construction materials
in Vietnam
Nippon Steel & Sumikin Metal Products Co., Ltd., Sumitomo Corporation, Sumisho Tekko
Hanbai Co., Ltd., and Kyoei Steel Ltd., in a collaborative effort with Bacviet Steel Joint Stock
Company (hereinafter “BVS”), which processes, sells, and distributes steel products in Vietnam,
established Nippon Steel & Sumikin Metal Products Vietnam Co., Ltd. (hereinafter “Nippon Steel &Sumikin Metal Products Vietnam”), a joint venture with the objective of manufacturing and sellingsteel products for architecture and civil engineering in the region.
In Vietnam, construction investment is still strong and large-scale urban development, which isaccompanied by the construction of shopping centers and high-rise buildings, and infrastructuredevelopment, which includes sewer systems, subways, and highways, is expected to make certain
progress going forward. In an effort to secure this demand both quickly and adeptly, the four
aforementioned Japanese companies and BVS embarked on the establishment of Nippon Steel &Sumikin Metal Products Vietnam as a steel building materials manufacturing and sales joint venture.
The investment for this joint venture was recently approved by the provincial government of BacNinh.
Nippon Steel & Sumikin Metal Products Vietnam will commence operations by acquiring thestructural steel pipe manufacturing business of the BVS group. In addition to plans to expand thedomain of its core operations going forward, the company aims to introduce processed steel products
for architecture and civil engineering that satisfy the needs of the region’s market and also themarkets in neighboring countries.
■Overview of Nippon Steel & Sumikin Metal Products Vietnam
Company name:

Nippon Steel & Sumikin Metal Products Vietnam Co., Ltd.

General Director & President: Kenjiro Dodo
Location:

Que Vo, Bac Ninh Province, Vietnam (headquarters and factory)

Business description:

Manufacturing and sales of steel building products

Capital:Approximately US$258 million (approximately ¥200 million)

Shareholder ratio:

Nippon Steel & Sumikin Metal Products Co., Ltd. 48%
Sumitomo Corporation 22%
Sumisho Tekko Hanbai Co., Ltd. 3%
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Kyoei Steel Ltd. 3%
Bacviet Steel Joint Stock Company 24%
No. of employees:

Approximately 50 employees

Established:

October 2012

Reference 1■ Nippon Steel & Sumikin Metal Products Co., Ltd.
Location:

2-17-12 Kiba, Koto-ku, Tokyo

Representative Director & President:

Kiichiro Masuda

Date of establishment:

April 1973

Capital:¥5.912 billion

Investor:

Wholly-owned by Nippon Steel and Sumitomo Metal Corporation

No. of employees:

1,137 employees (consolidated basis)■ Sumitomo Corporation
Location:

1-8-11 Harumi, Chuo-ku, Tokyo

President & CEO:Kuniharu Nakamura

Date of establishment:

December 1919

Capital:¥219.278 billion

No. of employees:

5,185 employees (72,087 on a consolidated basis)■ Sumisho Tekko Hanbai Co., Ltd.
Location:

1-8-12 Harumi, Chuo-ku, Tokyo

President & CEO:Haya Otsuka

Date of establishment:

January 1981

Capital:¥310 million

Investor:

Wholly-owned by Sumitomo Corporation

No. of employees:

214 employees■ Kyoei Steel Ltd.
Location:

1-4-16 Dojimahama Kita-ku, Osaka City

President & Representative:

Koji Morita

Date of establishment:

August 1947

Capital:¥18.516 billion

No. of employees:

679 employees (consolidated basis)■ Bacviet Steel Joint Stock Company (Listed on the first section of the Hanoi Stock Exchange)
Location:

Ho Chi Minh, Vietnam (headquarters)

Chairman & CEO:

Tran Anh Vuong
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Date of establishment:

March 2000 (listed shares in 2010)

Capital:Approximately VND108.0 billion (approximately ¥400 million)

No. of employees:

Approximately 350 employees (consolidated basis)

Inquiries:▪ Overseas Business Development Dept., Nippon Steel & Sumikin Metal Products Co., Ltd.
(Mr. Imade)TEL: 03-3630-3728▪ Corporate Planning and Finance Dept., Nippon Steel & Sumikin Metal Products Co., Ltd.
(Ms. Hiramatsu) TEL: 03-3630-0342

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