Bangkok--5 Nov--Sahaviriya+Steel+Industry
Mr. Win Viriyaprapaikit, Group CEO and President of Sahaviriya Steel Industry Plc (SSI) signed the Partnership Agreement with Mr. Eiji Hayashida, President and CEO of JFE Steel Corporation (JFE) and Mr. Kenichiro Ushino, president of Marubeni-Itochu Steel Inc. (MISI) to strengthen their partnership. JFE and MISI will invest USD 50 million in subscribing SSI new ordinary shares at the price of 0.68 baht per share under SSI’s Comprehensive Financial Plan. The event was held at Tachibana Room, Imperial Hotel, Japan on 31 October 2012.
The cooperation of SSI-JFE-MISI under the Partnership Agreement, will result in better products and services for the customers in ASEAN. In the Thai market in particular, this partnership will lead to more localization of high grade steel sheet and add value to the customers and local industries.