Opening Ceremony Held by NIPPON STEEL & SUMIKIN METAL PRODUCTS VIETNAM CO., LTD., a Joint Venture Company for Manufacturing and Selling Steel Construction Products in Vietnam Business Wire TOKYO -- March 21, 2013 NIPPON STEEL & SUMIKIN METAL PRODUCTS VIETNAM CO., LTD. (General Director & President: Kenjiro Dodo; headquarters: Que Vo, Bac Ninh Province, Vietnam; hereafter, "NSMV") held its opening ceremony in Hanoi, Vietnam on Tuesday, March 19, 2013. NSMV sign (Photo: Business Wire) NSMV sign (Photo: Business Wire) NSMV was jointly established in October 2012 by Nippon Steel & Sumikin Metal Products Co., Ltd., Sumitomo Corporation, Sumisho Tekko Hanbai Co., Ltd., and Kyoei Steel Ltd., in collaboration with Bacviet Steel Joint Stock Company, for the purpose of manufacturing and selling steel products for architectural and civil engineering use. The opening ceremony was attended by guests Yasuaki Tanizaki, Japanese Ambassador to Vietnam, and Vietnam governmental members representing Bac Ninh Province, the Ministry of Construction and the Ministry of Transport. President Masuda of Nippon Steel & Sumikin Metal Products gave a speech on behalf of the investors. An investment license was presented to President Dodo of NSMV by the representative of Bac Ninh provincial Department of Planning and Investment, followed by a ribbon-cutting ceremony. NSMV will start offby manufacturing and selling structural steel pipes, and will widen its business domainby launching new products into the market. The company also aims to introduce processed steel products for architectural and civil engineering use in line with the market needs of not only Vietnam, but its neighboring countries as well. Reference 1 Overview of Nippon Steel & Sumikin Metal Products Vietnam Company name: Nippon Steel & Sumikin Metal Products Vietnam Company Limited Representative: Kenjiro Dodo, General Director & President Location: Que Vo, Bac Ninh Province, Vietnam (headquarters and factory) Business description: Manufacturing and sales of steel building products Capital: Approximately US$2.58 million (approximately ¥200 million) Shareholder ratio: 48% Nippon Steel & Sumikin Metal Products Co., Ltd. 22% Sumitomo Corporation 3% Sumisho Tekko Hanbai Co., Ltd. 3% Kyoei Steel Ltd. 24% Bacviet Steel Joint Stock Company: Number of employees: 53 employees Established: October 2012 Reference 2 < Nippon Steel & Sumikin Metal Products Co., Ltd. > Location: 2-17-12 Kiba, Koto-ku, Tokyo Representative Director & Kiichiro Masuda President: Date of establishment: April, 1973 Capital: ¥5.912 billion Investor: Wholly-owned by Nippon Steel and Sumitomo Metal Corporation No. of employees: 1,137 employees (consolidated basis) < Sumitomo Corporation > Location: 1-8-11 Harumi, Chuo-ku, Tokyo President & CEO: Kuniharu Nakamura Date of establishment: December, 1919 Capital: ¥219.278 billion No. of employees: 5,185 employees (72,087 on a consolidated basis) < Sumisho Tekko Hanbai Co., Ltd. > Location: 1-8-12 Harumi, Chuo-ku, Tokyo President & CEO: Hayashi Otsuka Date of establishment: January, 1981 Capital: ¥310 million Investor: Wholly-owned by Sumitomo Corporation No. of employees: 214 employees < Kyoei Steel Ltd. > Location: 1-4-16 Dojimahama Kita-ku, Osaka City President & Representative: Koji Morita Date of establishment: August, 1947 Capital: ¥18.516 billion No. of employees: 679 employees < Bacviet Steel Joint Stock Company (Listed on the first section of the Hanoi Stock Exchange) > Location: Hanoi, Vietnam (headquarters) Chairman & CEO: Tran Anh Vuong Date of establishment: March, 2000 (listed shares in 2010) Capital: Approximately VND108.0 billion (approximately ¥400 million) No. of employees: Approximately 350 employees (consolidated basis) Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130320006734/en/ Multimedia Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50590478&lang=en Contact: Sumitomo Corporation Aoi Nakamizo, +81-3-5166-4168 Corporate Communications Department firstname.lastname@example.org
Opening Ceremony Held by NIPPON STEEL & SUMIKIN METAL PRODUCTS VIETNAM CO., LTD., a Joint Venture Company for Manufacturing and
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