Hilco Industrial Secures Strategic Agreement with JFE Steel for Key Steel Production Lines
Hilco Industrial Partners with JFE Steel Corporation
Hilco Industrial, a leading global player in the sale and consultancy of industrial equipment, has announced a strategic agreement with Japan's JFE Steel Corporation. This groundbreaking partnership is aimed at facilitating the sale of key steel production lines at the EAST JAPAN Works, located in Keihin, Ohgishima, and Mizue-Kawasaki. Together with SEALS Co., Ltd, Hilco Industrial is set to implement a comprehensive strategy for the sale of these significant assets.
The assets available for sale include critical production lines such as the Wide Hot Strip Mill, Coil Galvanizing Lines No. 2 and 3 (both accompanied by Skin-Pass Mills), along with the Coil Preparation Line and the Pickling Line connected to the Tandem Cold Mill. This comprehensive approach will aid in restructuring operations within the JFE steelworks, enhancing production capabilities while meeting the evolving demands of the global steel industry.
Michael Bouland, Executive Vice President at Hilco Industrial, expressed enthusiasm about the collaboration, stating, "We look forward to working with SEALS Co., Ltd and JFE Steel Corporation to bring these vital steel production facilities to market. This sale represents a unique opportunity for steel manufacturers to acquire highly valuable equipment."
Opportunities for Global Steel Producers
Given the restructuring taking place at JFE's EAST JAPAN factories, there is now an opening for steel companies worldwide to invest in facilities that can bolster their production capacities. These production lines are well-regarded for their proven track record, making them a prime opportunity for companies looking to expand or enhance their production infrastructure.
Hilco Industrial and SEALS Co.'s combined expertise ensures these significant assets will be marketed effectively, presenting an unmatched chance for steel producers to acquire high-performance industrial equipment. The demand for such capabilities is expected to grow, and this partnership positions both companies as leaders in delivering valuable solutions to the market.
Mr. Murayama from SEALS Co., Ltd also highlighted the importance of their partnership, remarking, "Our collaboration with Hilco Industrial is a crucial step in meeting the evolving needs of the global steel sector. We are excited about the exceptional value we can provide through this private sale of assets."
Overview of Available Assets
1. Coil Galvanizing Lines No. 2 and 3 - These lines come equipped with high-performance furnaces, air knives, and Skin Pass Mills, designed to deliver high-quality galvanizing processes that offer outstanding corrosion resistance for steel products.
2. Coil Preparation Line - Essential for preparing steel coils, this line includes cutting, welding, leveling, and edging capabilities, ensuring the highest standards for subsequent manufacturing processes.
3. Wide Hot Strip Mill - A robust system designed for the hot rolling of steel up to a width of 2,300 mm, capable of producing a wide range of steel products with precision.
4. Pickling Line and Tandem Cold Mill - This state-of-the-art pickling line is paired with a five-stand cold mill for the production of quality steel products, enhancing operational efficiency and output quality.
For further details on the sale and the availability of these assets, industry professionals, plant managers, and investment firms are encouraged to reach out and explore this opportunity.
For inquiries, please contact:
Miguel Furlaneto
Email: miguel.furlaneto@hilcoind.com
Office: +31 (0)20 470 0989
WhatsApp: +31 65 119 9492
About Hilco Industrial
Hilco Industrial stands as a premier player in the acquisition and sale of industrial assets, boasting exceptional expertise in the efficient transition of high-quality equipment across various industries. An operational company of Hilco Global, Hilco Industrial employs an extensive network to deliver value to clients and partners worldwide.
About Hilco Global
Hilco Global is a diversified financial services firm recognized as the leading authority on maximizing the value of corporate assets. Through its operating companies, Hilco Global offers a wide range of services including appraisal, advisory, monetization, and capital solutions.