Nippon Steel and Sumitomo merger and restructuring industry approximately nine years

Nippon Steel and Sumitomo merger and restructuring industry approximately nine years. Reduced by the domestic steel industry shifted production overseas, such as the automotive industry in desperate situation, which is a problem of excess supply capacity. They have a possibility of consolidation of the domestic manufacturing base was triggered by the merger.

[Photo] NS merger Sumikin Featured

Large-scale restructuring of the domestic steel industry, with the birth of Nippon Steel Yawata Steel and Fuji Steel in 1970, started the first three patients following the merger of Kawasaki Steel and JFE Holdings NKK 2002. Nippon Steel and Sumitomo Metals and Kobe Steel, the two companies will decide to strengthen cooperation in 2002, and then aggregated into two major camps, such as cross-shareholdings in each other's development.

Then, the world's largest Arcelor Mittal (Luxembourg), the threat of acquisition, the three companies to strengthen the alliance camp, such as Nippon Steel mutual supply of semi-finished products such as slabs, has also expanded its stake.

Nippon Steel and JFE but two sides have continued a violent game of cat and mouse, and agree on mutual supply of semi-finished products in 2010, has had to build a mutually beneficial framework utilizing capacity. Looking at the demand for steel in the world of foot, led by emerging economies such as China and Southeast Asia continue economic growth (in 2) but is, domestic demand in accelerating the transfer abroad of large users such as automakers, tapering is 否Me no.

Domestic crude steel production of 11-year high, according to the Japan Iron and Steel Federation has forecast 110 million tonnes the previous year. However, such as automobiles and construction, "domestic demand is flat or slightly down" (big iron) in composition but exports to emerging markets fund. "If you look to the future, the selection of the route (selection) is inevitable" (ministry officials) are a growing said.

Thus, the merger will be the focus of Nippon Steel and Sumitomo Metals, but I embark on a restructuring of domestic production bases in earnest. Metals and Wakayama and Kashima (Ibaraki), headquartered in production, the Nippon Steel Yawata (Fukuoka) and sensitive (Chiba) and the flagship, leaving a sense of excess domestic production capacity, the optimal scale of production inevitably established.

"In ordinary reorganization do not think" (President of Sumitomo Hiroshi 友野) while the "restructuring of the department made duplicate further improve efficiency" (Nippon Steel President Shoji Oka total) is mentioned. Even for the early realization of merger benefits, we can not possibly lead to consolidation abandoned production sites. (Kawakami, Young Morning)


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Metro service improvements such as wall removal delayed integration Toei Subway Station


Tokyo Subway (Tokyo Metro) and Toei Subway management integration issues, such as the Ministry of Land and Tokyo, three days in an open council, the time being to continue talks, Tokyo Metro and the listing of shares, share capital held by national and agreed to forego the sale of. To improve the user experience, claimed to have been centralized for management, showed disapproval conclusions carried over from the country side of Toei Subway significant long-term debt. Measures for improving the user experience, agreed to implement immediately.

Tokyo Metro inaugurated in 2004 with the privatization of Teito Rapid Transit Authority. Countries 53.4%, has a 46.6% stake in Tokyo. The establishment of the Tokyo Metro Act, which stipulates the sale of shares of capital and the country soon for full privatization. Listed originally was scheduled for FY 09 was delayed by worsening market conditions.

The biggest barrier to the merger, the long-term debt of more than 1 trillion yen Toei Subway. If the merger, "damaged the value of the Tokyo Metro (existing) is" (the ministry), so that the country has shown disapproval.

The capital side, the glimpses of speculation and also devoted to debt repayment Tokyo Metro Toei Subway revenue management integration.

Conclusions about the merger but was not in the convenience of the passengers agree. Kudanshita Hanzomon Line station and served by the Toei Shinjuku Line, was on the wall separates the home, decided to begin the demolition of the year.

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