JFE Steel Corporation
JFE Steel’s JV Holds Groundbreaking Ceremony
for Auto Steel Sheet Plant in Mexico
Tokyo --- JFE Steel Corporation announced today that its Mexican joint venture with Nucor Corporation, the largest steelmaker in the United States, held a groundbreaking ceremony on June 26 for an automobile steel sheet manufacturing plant in Silao, a city in the central Mexican state of Guanajuato. The joint venture, NUCOR-JFE STEEL MEXICO (NJSM), will produce and sell steel sheet for automobiles.
NJSM’s continuous galvanizing line to manufacture auto steel sheet will initiate production operations in 2019.
The ceremony was attended by approximately 100 guests, including JFE Steel President Koji Kakigi, Nucor CEO John J. Ferriola, NJSM General Manager Chad Potter, Mexican government officials, Guanajuato state government officials and Japanese Consul General in León Yasuhisa Suzuki.
(From left) Japanese Consul General in León Suzuki, JFE Steel SVP Hiroyuki Ogawa, JFE Steel President Kakigi,
Nucor CEO Ferriola, Nucor EVP Ladd Hall and NJSM General Manager Potter
(From left) Japanese Consul General in León Suzuki, NJSM GM Potter, JFE Steel President Kakigi, Nucor CEO Ferriola, Nucor EVP Hall and JFE Steel SVP Ogawa
(From left) Guanajuato Investment Office General Director Manuel Fernandez, Nucor CEO Ferriola, NJSM GM Potter, JFE Steel President Kakigi, Japanese Consul General in León Suzuki and Ministry of Economy’s Heavy Industries and High Technologies General Director Ruben Lopez Estrada
NUCOR-JFE STEEL MEXICO
|Ownership:||JFE Steel 50% and Nucor 50%|
|Product:||Galvanized steel sheet for automobiles|
|Capacity:||Approximately 400,000 tons per year|
|Construction cost:||Approximately USD 270 million|
|Headquarters:||Charlotte, North Carolina, United States|
|CEO:||John James Ferriola|
|Products:||Sheet, bar, structural, and plate|
|Crude steel output:||19.3 million tons (2016)|
|Net revenue:||USD 16,208 million (2016)|
About JFE Steel
JFE Steel Corporation, one of the world's leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. JFE Steel leverages world-class technologies and know-how to produce a wide range of products based on its Only One, Number One strategy of focusing on unique and best-in-class products. The company reported consolidated sales of 2,349 billion yen and consolidated crude steel output of 30.41 million tons in the fiscal year ended March 2017. For more information, please visit www.jfe-steel.co.jp/en.
# # #