May. 26. 2008
Marubeni Corporation、Marubeni America Corporation
Marubeni Corporation together with Marubeni America Corporation (collectively “Marubeni”) are pleased to announce that it has successfully completed the acquisition of 95% equity interest of KMA Manufacturing LLC (“KMA”) through purchase of equity interest and subscription of additional equity.
KMA’s headquarter and factory are located in Pittsburgh, Pennsylvania, USA and is providing maintenance services for steel mills throughout USA, which includes repair and replacement of machinery and related components. KMA is also manufacturing and providing repair work as subcontractor to equipment/parts suppliers.
KMA has signed the Service Agreement with Nucor Steel Corporation to extend the maintenance services for its steel mill which is under construction in Memphis, Tennessee (“Nucor Memphis”). In accordance with the Service Agreement, KMA will construct a new maintenance center adjacent to Nucor Memphis to extend maintenance services as a Primary Service Provider and will also expand its services to other Nucor mills located in Arkansas, Mississippi and Alabama.
As most of steel mills in USA are aging and many of them have intention to further outsource necessary maintenance works to reduce maintenance cost, stable and continuous demand of maintenance services is expected. In addition to the new maintenance center in the south, Memphis, KMA plans to expand its business territory into western part of USA in near future.
Plant, Ship & Industrial Machinery Division of Marubeni has abundant experiences in supplying machinery and equipment for steel mills as EPC contractor all over the world. By launching into maintenance business in USA through KMA, Marubeni will further expand its range of services for steel mills.
Name : KMA Manufacturing LLC
Address : 685 State Street, Vanport, Pennsylvania, USA
Foundation : January 13, 2003
Business : Maintenance Services for Machinery, Equipment and Parts for Steel Mill