In light of a decline in domestic steel demand, intensified competition in the overseas market, and need of large-scale investment for renewal of the Company's steelmaking facilities over the medium- to long-term, we decided on
The Nagoya Works is one of the world's leading steelworks in optimal integrated manufacturing technology of steel sheets for automobiles. It is also positioned as
After the relining, advanced IT and other leading-edge technologies from
Furnace capacity: 4,425m3 (4,300m3 at present)
Relining period: First half of 2022 (plan)
Investment amount: Approximately 49 billion (plan)
Constructor:
Other: The No. 3 blast furnace began operation in
We are mindful of maintaining financial soundness in executing capital spending. In the medium-term management plan (fiscal 2018 to fiscal 2020), we are striving to reduce the amount of capital spending by about 200 billion from 1.7 trillion to 1.5 trillion by strictly selecting and pursuing efficiency in capital spending. The relining of the No. 3 blast furnace will be included in the 1.5 trillion spending plan, while we will consider ways to further reduce capital spending.
In the medium-term management plan, the amount of asset compression has been raised from 100 billion in the initial plan to 400 billion. We will raise the amount of asset compression to over 500 billion and strive to improve cash flow.
Contact:
Tel: +81-3-6867-2135
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