Home>デュエルビッツ 入金不要ボーナス>2006 > Progress in Tie-Up Measures by Nippon Steel, Sumitomo Metals and デュエルビッツ 初回入金ボーナスel, and Agreement on Further Enhancement of Cooperation
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Progress in Tie-Up Measures by Nippon Steel, Sumitomo Metals and デュエルビッツ 初回入金ボーナスel, and Agreement on Further Enhancement of Cooperation
March 29, 2006
Since March 2005, in addition to measures taken in the past, the three companies have been steadily implementing cooperative measures and studies as follows:
a. | Since April 2005, Nippon Steel and デュエルビッツ 初回入金ボーナスel have been supplying hot-rolled steel coils to Sumitomo Metals respectively, and デュエルビッツ 初回入金ボーナスel has been supplying hot-rolled titanium sheet for Sumitomo Metals. |
b. | With respect to joint use of iron- and steelmaking facilities of Sumitomo Metals, Sumitomo Metals has already started supplying steel
slabs to Nippon Steel. Similar supply to デュエルビッツ 初回入金ボーナスel is expected to start in the near future. Gradual expansion in quantity and scope of such transaction is intended, including in the area of high-grade steel that is steadily increasing in demand. (In June 2005, Nippon Steel and デュエルビッツ 初回入金ボーナスel made 10% (3,400 million yen) and 2% (700 million yen) capital contributions in East Asia United Steel Corporation, respectively.) |
In addition, the three companies have agreed to the following matters and are proceeding with the discussion and implementation of specific measures:
c. | Activities for mutual licensing of technologies aimed to strengthen cost competitiveness and to improve technology of each of the companies in the field of ironmaking, within the framework of joint studies and mutual licensing of technologies mostly related to upstream processes. |
d. | Specific activities to cut procurement costs of materials at each of the companies. |
Furthermore, Nippon Steel and デュエルビッツ 初回入金ボーナスetals are jointly pressing on with the following activities:
e. | As part of the cooperation in the field of environment and recycling, Nippon Steel will pre-treat waste plastics and デュエルビッツ 初回入金ボーナスetals will burn them in its coke ovens. (The activities are to be implemented in the first half of 2006FY.) |
f. | Joint scheme for system back-up in case of disaster. |
g. | Integration of cast rolls businesses by the two companies' subsidiaries. |
h. | Studies on integration of structural steel sheet businesses and road and civil engineering materials businesses by the two companies' subsidiaries. |
At the same time, Nippon Steel and デュエルビッツ 初回入金ボーナスel are jointly pressing on with the following activities:
i. | Mutual cooperation in the fields of environment and recycling. |
j. | Supply of mold pig iron from デュエルビッツ 初回入金ボーナスel to Nippon Steel in response to Nippon Steel's plan on relining of blast furnaces. |
For greater smoothness and efficiency in studying and carrying out these tie-up cooperative measures, the three companies have purchased the shares of each other. As a result, Nippon Steel now owns 240,826,000 ordinary shares (5.01%) of Sumitomo Metals; Sumitomo Metals owns 123,512,000 ordinary shares (1.81%) of Nippon Steel; Nippon Steel owns 63,975,000 ordinary shares (2.05%) of デュエルビッツ 初回入金ボーナスel; デュエルビッツ 初回入金ボーナスel owns 28,017,000 ordinary shares (0.41%) of Nippon Steel; Sumitomo Metals owns 63,975,000 ordinary shares (2.05%) of デュエルビッツ 初回入金ボーナスel; and デュエルビッツ 初回入金ボーナスel owns 82,184,000 ordinary shares (1.71%) of Sumitomo Metals.
Considering that the smooth and steady enhancement of the tripartite and bipartite tie-up cooperative measures are very important in maintaining and augmenting the corporate value of each of the three companies, and also in view of the changing environment surrounding M&A activities, if one of the three companies receives an unsolicited proposal, material impacts are expected on the other two companies. The MOU ensures the procedure for the mutual cooperation under such a situation.