Nippon Steel’s managing director Kenji Hiwatari attended the ceremony with around 230 of customers and interested persons. Mr. Hiwatari said the major earthquake in northeastern Japan proved safety and credibility of steel pipe pile. He said NPV should be core plant for the construction materials business to expand the advanced technology in offshore market while the plant would contribute to better relationship between Japan and Vietnam. Ba Ria-Vung Tau’s government official showed expectation for the new plant.
Nippon Steel controls 51% of NPV with US$ 15 million of capital. Metal One has 20% share in NPV with 10% share by Vietnam Steel and 4.75% share each by Sumitomo Corporation, Marubeni-Itochu Steel, Hanwa Co. and Nippon Steel Trading. The new plant has increased the operation level since the start in May 2011 when the demand increases for infrastructure in Vietnam and neighboring countries. The plant can make world largest 3,000 millimeters of outer diameter of products.
