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Introduction of Group Companies
From Value One, Summer 2017 No.57
Our Strengths and Distinctive Qualities
Stainless steel service center Nisshin Steel takes an equity stake
Equipped with a wide slitter line that can handle stainless steel foil
A steel service center that integrates manufacturing and sales with trading company functions
Stainless One’s slitting line can handle ultra-thin stainless steel foil

Stainless Steel Service Center with Four Decades of History

Stainless One Corporation is a joint venture between Metal One and Nisshin Steel Co., Ltd. that along with its predecessor—Stainless Processing Co., Ltd.—has a history of over forty years as a stainless steel service center in the Kanto region.

Launched as a stainless steel processing center in 1974, Stainless Processing subsequently came under the Nissho Iwai Group umbrella, and Nisshin Steel invested in the company in 1997. In 2005, when Metal One Steel Products Corporation’s business was transferred to Stainless Processing, it was renamed Stainless One Corporation, gained trading company functionality, and also expanded its sales territory to Osaka and Nagoya.

The company now processes some 15,000 tonnes annually, mainly at its factory in Chiba. Stainless One handles a broad range of products destined for kitchen equipment, automotive parts, precision devices and the construction sector as well as standard-sized sheet for retail use.

The company’s biggest asset is the slitting line for ultra-thin stainless steel foil it installed in 2008. This line enables the slitting of extremely thin stainless steel foil of from 0.03 millimeter up to materials 1,000 millimeters wide. Designated by Nisshin Steel’s Ichikawa Works as a plant for stainless steel foil processing, the company is also capturing broadening demand for niche markets, such as components for copy machines and motorcycles that call for high precision.

“We anticipate that domestic stainless steel demand will remain solid, but competition within the industry is as fierce as always,” President Koji Inoue says. “Sustained by our powerful shareholding companies, Metal One and Nisshin Steel, we want to demonstrate our presence even in big industry developments.”

Meanwhile, Nisshin Steel has become a member of the Nippon Steel & Sumitomo Metal Group, significantly boosting the group’s domestic share of stainless steel. Stainless One will no doubt coordinate even more closely with the Metal One Group’s Sus-Tech Corporation, in which Nippon Steel & Sumikin Stainless Steel Corporation has a 25 percent stake and Nisshin Steel has a 10.5 percent investment. President Inoue says: “We will place special importance on customer requirements. We want to contribute through wide-ranging coordination within the Group on top of this by increasing our company’s special features and capabilities.”

There is also extensive R&D going on related to IT, next-generation cars, medical equipment and other new sectors for stainless steel. President Inoue notes that their dreams are expanding. “We’ve also been talking to Nisshin Steel’s development department, and hope that we help to develop new applications using our company’s processing technology.”

 

 

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