Posted on 14 Feb 2023
Nippon Steel Corporation announced that it had decided to issue a green bond in March or later. The bond will be applied to production facilities, research and development expenses, and other related expenditures for non-oriented electrical steel sheets for eco-friendly car motors.
Nippon Steel indicated that it had invested a total of JPY123 billion in facilities to improve the capacity and quality of electrical steel sheets in the Hirohata Area of Setouchi Works and the Yawata Area of Kyushu Works.
In the first half of the fiscal year 2024, the production capacity of electrical steel sheets and high-grade electrical steel sheets was expected to rise by 1.5 times and 3.5 times compared to the current level, respectively.
Source:Yieh
