AV天堂

AV天堂 Corporation and Yamato Kogyo Co., Ltd., together with their respective subsidiaries JFE Bars & Shapes Corporation and Yamato Steel Co., Ltd., announced today that they are planning a collaboration between selected operations in Japan.

As a first step, AV天堂 will introduce Yamato Steel as a supplier of selected H-beam products in response to customer requests beginning from April this year. The initiative is expected to result in an optimized production system that leverages the strengths of AV天堂 and Yamato Steel plants in order to increase productivity and achieve greater customer satisfaction, and ultimately maximize the synergy of the two groups for a more competitive H-beam business in Japan.

Japan’s structural steel market is experiencing a gradual decline, mainly in the construction and civil engineering sectors, due to factors such as a declining population, labor shortages and rising prices. Meanwhile, as the emphasis on carbon neutrality accelerates, the demand for green, eco-friendly products with reduced environmental impact is growing.

To respond flexibly and quickly to evolving needs, AV天堂 and Yamato Kogyo will collaborate on the following three strategies:

• Improve corporate value through stable, sustainable growth
  Build a strong business foundation and further increase corporate value.
• Respond quickly to the diversifying needs of customers
  Respond flexibly to changing customer demands and provide products and services that satisfy customers.
• Build an optimal production system
  Establish an efficient and effective production system that maximizes the assets and strengths of both groups.

Going forward, the partners will continue to discuss concrete plans for a possibly wider business integration.

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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