News Release : 2011
Hanwa’s additional investment in Electro Galvanized Steel Mill in Malaysia
Hanwa became a partner of Nippon EGalva Steel Sdn. Bhd. (N-EGALV) in Malaysia with 15% of shareholding in December, 2009, which manufactures and sell electro galvanized steel products. Hanwa is scheduled to acquire additional issued shares in N-EGALV through a share transfer and will hold 22.78% shares in N-EGALV in June, 2011.
At the same time, Nippon Steel Corp, who currently owns 10% shares in N-EGALV, will hold 50.1% shares in N-EGALV through a similar share transfer.
Malaysia is regarded as one of the largest production base for consumer-electronics such as flat screen TVs and audio instruments which require electro galvanized pro-ducts. Hanwa will respond to such demands quickly with stable supply in long term among keen competitions with other Asian companies.
Nippon EGalv Steel Sdn. Bhd.
|Business||Manufacturing and sale of electro galvanised steel sheets|
|Location||Prai Free Industrial Zone, Penang, Malaysia|
|Establishment||June,2006 (Commercial production began in February, 2009)|
|Capital||25million Ringgit (680million Yen)|
|Shareholders(after transaction, expected)||Nippon Steel Corp. 50.1%
Tatt Giap Group Berhad 27.12%
Hanwa Co.,Ltd 22.78%
|Production Capacity||Electro galvanizing line : 150,000 tons /year|
Mr. Toshiyuki Sato, General Manager, Secretarial office ( TEL: 03-3544-2387 )
Mr.Kenji Tanaka, General Manager, International Trade Dept No.1 ( TEL: 03-3544-2847 )