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August 19, 2014

JAPAN: Nippon Steel and Krakatau further define JV agreement

Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel, have defined an agreement concerning their joint venture, PT Krakatau Nippon Steel Sumikin (KNSS).

Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel, have further defined an agreement concerning their joint venture, PT Krakatau Nippon Steel Sumikin (KNSS).

KNSS was established in Indonesia in December, 2012, for the manufacture and sale of automotive flat steel products, with both both parties discussing the detailed terms and conditions of their joint venture for two years.

KNSS will build a galvanising, annealing and processing line (GAPL), which is a manufacturing process integrating the functions of both a continuous annealing line and continuous galvanising line.

GAPL is equivalent to the equipment now in operation at NSSMC’s plant and which is capable of producing high-grade, cold-rolled, hot-dip galvanised and galvannealed steel sheets, including those for automotive outer panels and high-strength steel.

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