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Tokyo – JFE Steel Corporation, Maruichi Steel Tube Ltd. and Toyota Tsusho Corporation announced today that they will wholly acquire a Vietnamese spiral steel pipe manufacturer, Jeong An Vina Co., Ltd., for about 18 billion won (about 1.3 billion yen) from Jeong An Steel Co., Ltd. of South Korea, under a plan to directly manufacture and sell steel pipe pile and steel pipe sheet pile in Vietnam.

Jeong An Vina, currently a wholly owned subsidiary of Jeong An Steel, has an annual production capacity of 50,000 tons and recorded sales of USD 10.9 million in 2009. It was established by Hyundai Steel Pipe Co., Ltd. in 1995 and is based in Bien Hoa, Dong Nai Province.

Following the acquisition, the company’s name will be changed. JFE Steel will provide the president and Toyota Tsusho will provide the executive vice president.

Jeong An Vina will be capitalized at USD 3.1 million, shared 35% by JFE Steel, 35% by the Maruichi Steel Tube group and 30% by Toyota Tsusho. The Maruichi group’s share will comprise a 30% share held by Maruichi Steel Tube Ltd. and 5% held by Sun Steel Joint Stock Company (SUNSCO). SUNSCO, a joint venture company established by Maruichi Steel Tube, Toyota Tsusho, JFE Steel and others, processes galvanized steel sheet and steel pipe in Binh Duong Province.

The newly acquired company will manufacture high-quality steel pipe pile, steel pipe sheet pile and water pipe by combining existing facilities for spiral steel pipe manufacturing and coating with advanced manufacturing technologies from JFE Steel. The company intends to capture the strong demand for steel pipe, as well as explore new demand, in Vietnam’s construction steel market, working closely with SUNSCO, which recently began operating a 16-inch medium-diameter welded pipe mill.

Following the acquisition, the company will begin supplying products under its new structure soon after obtaining necessary government approvals and licenses. It expects to raise shipments from 10,000 tons a year at present to 50,000 tons in the foreseeable future.

The company will leverage its three owners’ extensive technologies and networks to develop demand for steel pipe pile and steel pipe sheet pile in Southeast Asia, as well as contribute to infrastructure development in the region. The demand for construction steel pipe is increasing rapidly, especially in Vietnam, due to a wave of newly launched projects for ports, railways and other major infrastructure. To date, the three partners have been jointly considering the best possible manufacturing structure for the Vietnamese market and beyond.

Location of Jeong An Vina

Jeong An Vina plant

國(guó)際鋼鐵情報(bào)2010年 12月28日訊 ，日本JFE鋼鐵公司、丸一鋼管和豐田通商發(fā)表聯(lián)合聲明稱(chēng)完成對(duì)越南螺旋管生產(chǎn)商Jeong An Vina公司的收購(gòu)，后者正式更名為J-Spiral Steel Pipe公司。

這家公司位于同奈省邊和市，可年產(chǎn)螺旋鋼管5000噸左右。-------------------------------------------2010年 12月 29日補(bǔ)充。