Monday, April 4, 2011

BANGKOK POST: Nippon Steel to invest US$300m

Nippon Steel Corp, Japan's largest steelmaker, will invest US$300 million (9.07 billion baht) to build a plant in Thailand to produce high-grade steel for the automobile and electrical appliance industries.

The plant will be located next to the Siam United Steel (SUS) plant in Rayong in which Nippon Steel is a major shareholder. With annual production capacity of 360,000 million tonnes of galvanised steel, the facility plans to be operational in 2013.