Nippon Steel & Sumikin Precision Forge to Establish a Joint Company for Automobile Parts in Thailand

Nippon Steel & Sumikin Precision Forge announced on 5th to establish a joint company to machine cold forgings for automobile parts, “Thailand Precision Products (TPP)”, in Thailand, and start operating on mass-production system from September 2013. TPP manufactures and sells automobile component including steering parts and harness parts, and responds to expanding automobile related demand in ASEAN including Thailand.