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Nifast Establishes Nifast do Brasil Ltda. in Brazil From Value One Spring 2014 No. 44

First South American Base for Warehousing and Retailing of Automotive Fasteners

In August 2013, Nifast Corporation (headquartered in the U.S. in Chicago, Illinois), which warehouses and retails automotive fasteners, established its first base in South America in Brazil, Nifast do Brasil Ltda.

Like its parent, the new firm warehouses and sells automotive fasteners (bolts and nuts), which are tertiary wire rod products, and offers a total solution based on trading company functions that include not only 24-hour just-in-time delivery but also quality assurance services using its own testing equipment.

Company Outline
Company name: Nifast do Brasil Distribuição, Comércio e Importação Ltda.
Location: Rodovia Vice-Prefeito Hermenegildo Tonolli, No. 1500, Shed No. 2, Jundiai, SP, Brazil
Representative: Naoki Hirata
Capital: 8 million reais (approx. ¥350 million)
Shareholders: Nifast Corporation, 99%; Nifast Canada Corporation, 1%
Date of establishment: August 2013
Number of employees: Approx. 9 (to be hired in stages)
Business line: Import, export, sales and warehousing of automotive fasteners
Business size: Approx. one billion yen in projected sales volume during FY2014
The Metal One Group already operates several warehousing and retailing companies—all with names beginning with "Nifast"—in the U.S. (three bases), Canada, Mexico, China (two bases), India and Hungary, established at various times since 1987. Responding to the global strategy of auto manufacturers, the group recently decided to set up its first base in South America in Brazil, where it expects significant economic development in the medium to long term.

Nifast do Brasil will strengthen ties with processors, fastener manufacturers and other Nifast companies in the Metal One Group to improve customer service in North and South America, and reinforce the group's value chain and optimal procurement and supply network on a worldwide scale.

(Wire & Specialty Steel Department)


Mexican Manufacturer of Automotive Pipes Holds Opening Ceremony From Value One Spring 2014 No. 44

To Meet Expanding Demand for Automotive Steel

Nippon Steel & Sumikin Pipe Mexico, S.A. de C.V. (NPM)—in which Nippon Steel & Sumikin Pipe Co., Ltd. and Metal One Corporation, among others, have invested—held its opening ceremony on January 24. The large crowd in attendance included persons associated with NPM, Mexican government officials, clients and suppliers.

Company Outline
Company name: Nippon Steel & Sumikin Pipe Mexico, S.A. de C.V.
Location: Silao City, Guanajuato State, Mexico
Representative: Keizo Kawamura
Date of establishment: June 2012
Capital: US$23.6 million (Nippon Steel & Sumikin Pipe, 55%; SPT&SC Investment, 25% [whereof Nippon Steel & Sumikin Pipe, 75%; Sumitomo Corporation, 25%]; Metal One, 20%)
Business line: Manufacturing and sales of steel pipes for use in machine structures for automotive use
Production capacity: 24,000 tonnes a year
Facilities: Electric resistance welded pipe mill, cold drawing equipment, cutting machines, etc.
Number of employees: 80
The Mexican automotive industry is expanding as an export base for North and South America, and its output in FY2013 surpassed three million units. As Japanese-affiliated automakers and others plan to expand their production capacity in Mexico, the country's need for automotive steel is expected to grow.

At the ceremony, Executive Officer Hiroki Kawabata of Nippon Steel & Sumitomo Metal Corporation said: "By continuously providing our advanced technology and products and deep experience, we will support our customers involved with the Mexican automotive industry with our steel products." President Renpei Nakanishi of Nippon Steel & Sumikin Pipe followed, commenting: "Our group will make all-out efforts to enable our clients in Mexico to use NPM's products with confidence, and use our facilities in Japan as mother factories to pass along state-of-the-art technology, quality control and manufacturing know-how."

(Automotive Steel Products Business Department)

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