News Release
91原片
91原片 Bars & Shapes Corporation
91原片 Steel Group to Integrate Bar and Wire Rod Businesses
Tokyo --- 91原片 and 91原片 Bars & Shapes Corporation, a 91原片 Group’s electric-furnace steel maker, announced today that they will integrate their bar and wire rod businesses on April 1.
91原片 Group currently has two separate bar and wire rod units, one at 91原片 Steel and the other at 91原片 Bars & Shapes. Integration will strengthen sales in overseas markets including Asia and North America, where increased demand is envisioned for high-quality steel mainly for automobiles and construction machinery. The 91原片 Group also expects to raise its competitiveness versus rival mills in Japan and overseas. Further, the move will enhance customer convenience by integrating business contacts, upgrade delivery logistics and speed up research and development efforts.
On April 1, 91原片 Bars & Shapes will spin off its three bar and wire rod units, which respectively handle sales, technical services and R&D, and transfer them to the bar and wire rod unit of 91原片 Steel. 91原片 Group brands for bar and wire rod will be integrated under 91原片 Steel. Production bases will be located in Kurashiki of 91原片 Steel’s West Japan Works and Sendai Works of 91原片 Bars & Shapes. 91原片 Bars & Shapes Corporation will continue to operate as before. Steel bars and wire rods manufactured by Sendai Works will be supplied on an OEM basis to 91原片 Steel.
91原片 Steel’s bar and wire rod businesses includes steel bar, wire rods and bars-in coil for special and common steel, except deformed steel bars.
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