TSUNEISHI IRON WORKS to Begin Operation of Electric Furnace at Wakamatsu Steel Factory Next April, Enters into Licensing Agreement with KOBE STEEL

December 19, 2013


[Corporate trends]

On May 29th of this year, TSUNEISHI IRON WORKS Co., Ltd. (Head Office Location: 1083 Tsuneishi, Numakuma-cho, Fukuyama-City, Hiroshima Prefecture; President and CEO: Masayuki Zaizen) made a lump-sum purchase of a formerly closed down factories in Wakamatsu-ku, Kitakyushu-City and its accompanying equipment in order to expand into the new business fields of steelmaking and steel casting as part of the company’s overall business expansion strategy. The company has since been preparing the factory for the resumption of operations and, with steady progress being made in assembling the necessary personnel and performing inspections and maintenance of the factory’s electric arc furnace and other equipment, TSUNEISHI IRON WORKS is now pleased to announce its decision to restart the electric arc furnace in April of next year. In addition, the company signed a licensing agreement with KOBE STEEL, LTD. this past November 22nd for the provision of manufacturing technology for the production of steel ingots and steel castings for use in shipbuilding, as well as operational guidance and instruction.

In June, shortly after the acquisition, TSUNEISHI IRON WORKS began the operation of the machining factory for large-scale products, and producing stern structure components like rudders and stern frames for hull blocks of ship, in keeping with the company’s existing business. Now, with the start of operation of the electric arc furnace, the company is able to achieve fully integrated production of stern structure components from raw materials to the processing of finished products by producing its own steel castings—upstream components that are currently purchased from suppliers—directly from raw materials. The company has specific plans to begin with the production of steel castings for maritime use for Tsuneishi Shipbuilding Co., Ltd. and then expand production sequentially to produce steel castings (up to 130 tons) for both shipboard and land use for companies outside of the Tsuneishi Group, as well as steel ingots (carbon steel and alloy steel, up to 60 tons).

With the full-scale operation of Wakamatsu Steel Factory on next April, TSUNEISHI IRON WORKS makes plans to produce steel products not only for maritime use, but also to embark on the manufacture of large-scale steel welding products and the assembly heavy machinery with fullest use of its Jib crane (maximum loading Capacity: 120 tons) and its overhead cranes (maximum loading: 150 tons) .

<Wakamatsu Steel Factory>

Factory  Location 43-1 Koyomachi, Wakamatsu-ku, Kitakyushu-City, Fukuoka Prefecture, Japan
Total Site Area Approx. 140,000 m²
Main Facilities Factory Buildings, Harbor Facilities, Jib Cranes (120t, 80t, 20t)
Machinery/Equipment 60t AC Electric Furnace (1), Ladle Refining Furnace (1),
Vacuum Degassing Device (1), Bottom Pouring Ingot Casting Facilities, 120 t Heat Treatment Furnaces (4)

<Brief summary of TSUNEISHI IRON WORKS Co., Ltd.>

President and CEO Masayuki Zaizen
Nature of Business Steel Welding Works/ Machining Works/ Outfitting Works
Foundation January, 1963(The Showa Period, 38)
Stated Capital One Hundred Million Japanese Yen
Number of Employees 260(As of December, 2013)
Registered Office Location Registered Head Office
(Fukuyama-City, Hiroshima-Prefecture)
Kusabuka Works/Pipe Division (Fukuyama-City, Hiroshima-Prefecture)
Tadotsu Works (Nakatado-District, Kagawa-Prefecture)
This corporate body is one of the affiliates under the umbrella of Tsuneishi Holdings Group which has centered round a marine and shipbuilding business. We shall take charge of outfitting works through supplying the hull structure such as stern frames, rudders and shafts to Tsuneishi Shipbuilding Shipyards in Japan and the overseas affiliated factories of the shipbuilding. In addition, we have devoted ourselves to manufacturing not only in a shipbuilding business but also manufacturing Floating Piers, Bridges and so on. There are subsidiary companies in the Philippines and China.

― Inquiry Contact Information ―
Production Department, Wakamatsu Steel Factory