NAKAYAMA STEEL WORKS,LTD. [5408.T]
TOKYO, Apr 01 (Pulse News Wire) – Nakayama Steel Works,ltd. (5408.T) completed the establishment procedures for its joint venture company NN Steel Contracting Co., Ltd.
On April 01, 2026. The joint venture was initially announced on May 09, 2025, and further details were disclosed on May 09, 2025. NN Steel Contracting Co., Ltd. is headquartered in Osaka City's Taisho Ward, located at 1-1-66 Funamotocho. The company’s primary operations involve the possession and leasing of electric furnace equipment and buildings necessary for steel plate manufacturing.
The total investment amount is estimated to be around ¥95.00 billion, considering inflation and exchange rate fluctuations, with a maximum potential of ¥105.5 billion. Nakayama Steel Works holds a stake of 51% in the joint venture, while Nippon Steel Corporation owns 49%. Initial capital contributions are set at approximately ¥50.00 billion, which could increase up to ¥55.70 billion based on the progress of equipment investments. Final capital contributions will be made in stages according to the project timeline. This joint venture marks a significant step towards enhancing production capabilities through shared resources and expertise.
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