Introduction
NPV
Outline of Joint Venture
Name of company: Nippon Steel Spiral Pipe Vietnam Co., Ltd. (NPV)
General Director: Mr. Teruyuki Usui (appointed by Nippon Steel Corporation)
Location: D3 Street, Phu My II Industrial Zone, Phu My Town, Ba Ria-Vung Tau Province
Establishment: June 18, 2010
Capital: $39 million
Capital information:
- Nippon Steel Corporation 76.28%
- Metal One Corporation 7.69%
- Vietnam Steel Corporation 3.85%
- Nippon Steel Trading Corporation 4.26%
- Marubeni-Itochu Steel Inc 4.26%
- Hanwa Co., Ltd 1.83%
- Sumitomo Corporation 1.83%
Outline of Plant
Location: D3 Street, Phu My II Industrial Zone, Phu My Town, Ba Ria-Vung Tau Province
Ground area: 100,000 square meters
Production facilities: One spiral pipe mill, etc…
Production capacity: 5,000 tons/month
Products: Steel Pipe Piles, Steel Pipe Sheet Piles, etc.
Employees: approx. 200
Start of construction: October 2010
Start of operation: May 2011
Nippon Steel Corporation, the famous Japan-based steel manufacturers, has established new company in Vietnam, named “Nippon Steel Spiral Pipe Vietnam Co., Ltd.” (NPV), for the production of steel pipe piles and steel pipe sheet piles etc., jointly with Vietnam Steel Corporation, and five Japanese trading companies (Metal One Corporation, Sumitomo Corporation, Marubeni-Itochu Steel Inc., Hanwa Co., Ltd. and Nippon Steel Trading Corporation.
NPV has obtained an investment license No. 492022000184 from the authority (Ba Ria-Vung Tau Industrial Zone Authority – BIZA) on 18th June 2010, and has started operation of the factory in May 2011. This is the first production base on Nippon Steel Corporation’s steel for construction uses outside of Japan. East Asian countries, in which Nippon Steel Corporation has been endeavoring to promote steel-based construction material, are now entering an era of structural steel materials. We are confident that this investment in Vietnam to create a local supply capability will accelerate the growth in consumption of structural steel materials.
