In the steel and mining sector, partnerships between companies from Japan and Brazil made it possible to bring modern technology to Brazil. Nippon Steel is leading a consortium of Japanese partners – largest shareholder of Usiminas’ controlling block – since its founding in the 1950s Since then, not seen as significant other Japanese investments in the sector. Brazil Steel Institute data show that, with regard to steel products, Brazil occupies the 63rd position in the amount of products exported to Japan, with 623 tons. With regard to steel products coming from Japan, Brazil occupies the 7th place with 88 466 tonnes imported.
“There are no records of new negotiations in recent years involving the two countries in the steel segment. You auto parts industry and automobile industry, two Japanese companies were prospecting come to Brazil but, given the turbulence of the economic environment, they slowed the project. One of them, who did not have the name disclosed, suspended the process of buying a business in Brazil this year, “says a member of the Trench office, Rossi e Watanabe, Alberto Mori, a specialist in mergers and acquisitions.
The Lanari-Horikoshi agreement signed in June 1957, established the Nippon-Usiminas society with Brazilian capital 60% and 40% Japanese. Until then, the company had the federal government as the main controller. Since then, Nippon Steel & amp; Sumitomo Metal (NSSMC) supported the growth of Usiminas in the Brazilian and international markets. The construction units and new production lines, as well as the constant incorporation of technological innovations, allowed in the 1970 Usiminas increased its production to 3.5 million tons of steel per year.
1999 was established Unigal, a joint venture between Usiminas and NSSMC for the production of galvanized steel coils hot dip, for the automotive industry, using the latest technology. In 2010, the company also started to produce special plates with Sync technology, the result of a technological partnership with NSSMC, enabling Usiminas become a company with capacity to produce special steels for use in the energy sector and shipbuilding.
“The main contribution of NSSMC for the quality of products exported by Usiminas was the availability of modern technologies, which allowed the Brazilian steel establish itself in the national and international market competitively and have the quality of their products globally recognized, “says NSSMC of Brazil, through its counsel.
The NSSMC has sent several engineers to collaborate with Usiminas in its extensive operational and technological range. Several other projects and partnerships approached Brazilian and Japanese companies. The fruits of this cooperation are now quite evident, according to a spokesperson. The current trade between the two countries in 2014 totaled US $ (FOB) 12.62 billion – the result of Brazilian exports of US $ (FOB) 6.7 billion and imports of US $ (FOB) 5.9 billion in 2014 . The control is with Nippon Usiminas, which holds 29.45% of the voting capital, Ternium / Tenaris, with 27.66%, and Usiminas Security holds 6.75%
Source.: Economic value / Adriana Aguilar | For the Value of Sao Paulo
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