Opening Ceremony Held by NIPPON STEEL & SUMIKIN METAL PRODUCTS VIETNAM CO., LTD., a Joint Venture Company for Manufacturing and Selling Steel Construction Products in Vietnam

TOKYO - NIPPON STEEL & SUMIKIN METAL PRODUCTS VIETNAM CO., LTD.. (General Director & President: Kenjiro Dodo; headquarters: Que Vo, Bac Ninh Province, Vietnam; hereafter, "NSMV") held its opening ceremony in Hanoi, Vietnam on Tuesday, March 19, 2013.

NSMV was jointly established in October 2012 by Nippon Steel & Sumikin Metal Products Co., Ltd., Sumitomo Corporation, Sumisho Tekko Hanbai Co., Ltd., and Kyoei Steel Ltd., in collaboration with Bacviet Steel Joint Stock Company, for the purpose of manufacturing and selling steel products for architectural and civil engineering use.

The opening ceremony was attended by guests Yasuaki Tanizaki, Japanese Ambassador to Vietnam, and Vietnam governmental members representing Bac Ninh Province, the Ministry of Construction and the Ministry of Transport. President Masuda of Nippon Steel & Sumikin Metal Products gave a speech on behalf of the investors. An investment license was presented to President Dodo of NSMV by the representative of Bac Ninh provincial Department of Planning and Investment, followed by a ribbon-cutting ceremony. 

NSMV will start off  by manufacturing and selling structural steel pipes, and will widen its business domain  by launching new products into the market. The company also aims to introduce processed steel products for architectural and civil engineering use in line with the market needs of not only Vietnam, but its neighboring countries as well.

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<Nippon Steel & Sumikin Metal Products Co., Ltd. >
Location	:	2-17-12 Kiba, Koto-ku, Tokyo
Representative Director & President	:	Kiichiro Masuda
Date of establishment	:	April, 1973
Capital	:	¥5.912 billion
Investor	:	Wholly-owned by Nippon Steel and Sumitomo Metal Corporation
No. of employees	:	1,137 employees (consolidated basis)

<Sumitomo Corporation>
Location	:	1-8-11 Harumi, Chuo-ku, Tokyo
President CEO	:	Kuniharu Nakamura
Date of establishment	:	December, 1919
Capital	:	¥219.278 billion
No. of employees	:	5,185 employees (72,087 on a consolidated basis)

<Sumisho Tekko Hanbai Co., Ltd.>
Location	:	1-8-12 Harumi, Chuo-ku, Tokyo
President & CEO	:	Haya Otsuka
Date of establishment	:	January, 1981
Capital	:	¥310 million
Investor	:	Wholly-owned by Sumitomo Corporation
No. of employees	:	214 employees

<Kyoei Steel Ltd.>
Location	:	1-4-16 Dojimahama Kita-ku, Osaka City
President Representative	:	Koji Morita
Date of establishment	:	August, 1947
Capital	:	¥18.516 billion
No. of employees	:	679 employees

<Bacviet Steel Joint Stock Company (Listed on the first section of the Hanoi Stock Exchange)>
Location	:	Hanoi, Vietnam (headquarters)
Chairman & CEO	:	Tran Anh Vuong
Date of establishment	:	March, 2000 (listed shares in 2010)
Capital	:	Approximately VND108.0 billion (approximately ¥400 million)
No. of employees	:	Approximately 350 employees (consolidated basis)

<NSMV sign>

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<Ribbon cutting ceremony at the opening reception>