March 8, 2007
  • JFE Steel Corporation

JFE Steel Renews Comprehensive Cooperation Agreement
with GMH (Germany) on Special Steel Bars

TOKYO – JFE Steel Corporation and Georgsmarienhütte GmbH (GMH) of Germany have agreed to renew the comprehensive cooperation agreement on special steel bars for parts manufacturers in the automotive and bearing industries signed in April 2002.

Mutual technology exchanges between JFE Steel and GMH have helped both companies to respond better to the needs of rapidly globalizing automakers and parts manufacturers.

The agreement was renewed because the companies consider continued partnership to be an effective means for responding to the increasingly sophisticated requirements of the abovementioned sectors.

 

Profile of Georgsmarienhütte Holding GmbH:

Headquarters:   Hamburg, Germany
Owner:
   Dr. Jürgen Grossmann
CEO:
   Mr. Peter van Hüllen
Group sales:   1.7 billion euros (FY 2005)
Group employees:   Approx. 9,000

 

Profile of Georgsmarienhütte GmbH (steelmaking unit):

Managing director:   Mr. Peter van Hüllen
Sales:
   510 million euros (FY 2005)
Employees:
   1,249 (2005)
Crude steel production:   833,000 tons (2005)
Main products:   Special steel bars
(Major supplier of special steel bars to Europe’s leading
automakers; enjoys top share in the German market)