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JAP - Sumitomo and Nippon integrate welded stainless steel tube businesses

As part of their cooperative measures, Sumitomo Metal Industries Ltd and Nippon Steel Corporation have decided to integrate the arc welded stainless steel pipe and tube businesses currently conducted by their respective group companies and a definitive agreement has been executed by and among Sumitomo Metals, Nippon Steel, Sumikin Stainless Steel Tube Co Ltd, Nittai Corporation and Konan Co Ltd. By integrating the operations of both groups, each having strong technological and sales capabilities, a leading, specialized company in the arc welded stainless steel pipe and tube industry will be created. By leveraging the strengths of each party, efficient systems for production and sales will be established and high competitiveness will be achieved.

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