TOKYO, Oct. 22 (AP) - (Kyodo)—JFE Steel Corp. said Friday it will construct a production line for steel sheets for automobiles at an industrial complex in southeastern Thailand.
JFE Steel will build the facility as local demand by Japanese and other automakers for high-end automobile steel sheets is expected to grow in Thailand, the largest automobile producer in Southeast Asia.
The Japanese steelmaker's investment will total about $300 million, or about 24 billion yen.
JFE Steel's wholly owned subsidiary, JFE Steel Galvanizing (Thailand) Ltd., set up in November 2008, will construct and operate the facility which plans to start operation in April 2013 with a yearly production capacity of 400,000 tons.
Tokyo – JFE Steel Corporation announced today that it will construct Thailand’s first continuous galvanizing line for automobiles at the Hemaraj Eastern Seaboard Industrial Estate of Rayong Province in southeastern Thailand. JFE Steel Galvanizing (Thailand) Ltd., JFE Steel’s wholly owned subsidiary, will handle construction and operation of the facility, as well as sales of hot-dip galvanized steel.
Thailand, Southeast Asia’s largest automobile producer, is a production and export base for many global automakers. Local demand for high-end automotive steel sheet is expected to grow as these automakers further expand capacity, including through the construction of new plants.
The new continuous galvanizing line will enable JFE Steel to respond to increasingly sophisticated demands from automakers in Thailand for high-end automotive steel sheet that can be procured locally.
JFE Steel Galvanizing (Thailand) Ltd.
Managing Director: Kazuo Asai (concurrent chief representative of JFE Steel Bangkok Office)
Location: Hemaraj Eastern Seaboard Industrial Estate, Rayong Province
Founded: November 2008
Total investment: About USD 300million
Ownership: JFE Steel Corporation — 100%
New Continuous Galvanizing Line
Product: Hot-dip galvanized steel sheet (primarily for automobiles)
Production capacity: 400,000 tons/year
Sizes: Sheet thickness: 0.4mm – 2.3mm
Sheet width: 800mm – 1,880mm
Operation startup (planned): April 2013
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