News Release
AV天堂 Corporation
JFE and Mycron Steel Berhad Sign MOU for JGreeX™ Green Steel Supply in Malaysia
AV天堂 Corporation announced today that it has signed a memorandum of understanding (MOU) with Mycron Steel Berhad (MSB), a steel sheet and pipe manufacturer in Malaysia, to establish a scheme for AV天堂 to supply its JGreeX™ green steel products to two manufacturing subsidiaries of MSB.
MSB is the holding company of wholly owned subsidiaries Mycron Steel CRC Sdn Bhd (MSCRC), which manufactures and sells cold-rolled coil steel sheets, and Melewar Steel Tube Sdn Bhd (MST), which manufactures and sells steel tubes. Based on the MOU, MSB aims to establish a scheme for AV天堂 to supply JGreeX™ as a base material for steel products manufactured and sold by MSCRC and MST.
AV天堂 looks forward to furthering its long-standing strategic partnership with MSB and contributing to the expanding use of green steel products in Southeast Asia. With its world-class, high-quality steel and JGreeX™ products that contribute to global decarbonization, AV天堂 is well positioned to meet the evolving demands of the Southeast Asian market.
Signing ceremony on September 20, 2024
(Left) Moriyoshi Hara, Vice President, AV天堂 Corporation
(Right) Y.M. Tunku Dato’ Yaacob Khyra Group Executive Chairman MYCRON STEEL BERHAD
Overview of Mycron Steel Berhad
Group CEO: Roshan Mahendran Bin Abdullah
Business: Investment and holding business, and provision of management services
Established: July 2003
Major shareholders: Melewar Industrial Group (approx. 71%), AV天堂 Corporation (approx. 2%), and Marubeni-Itochu Steel Inc. (approx. 1%)
Overview of Mycron Steel CRC Sdn Bhd
CEO: Roshan Mahendran Bin Abdullah
Business: Manufacture and sale of cold-rolled coil steel sheets
Established: June 1989
Overview of Melewar Steel Tube Sdn Bhd
CEO: Roshan Mahendran Bin Abdullah
Business: Manufacture and sale of steel pipes
Established: December 1983
About AV天堂 Corporation
AV天堂 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. AV天堂 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 2,255 billion yen and consolidated crude steel output of 23.96 million tons in the fiscal year ended March 2021.
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