Today (August 9, 2024) GJ Steel Public Company Limited (GJS) has made a decision to invest 1.5 billion baht over the next 3 years to revamp its production facility for improving its product and quality capabilities and enhance cost competitiveness.
Through this investment, GJS is committed to turning around the performance of the company and contributing to the Thai economy growth and society by supplying quality Hot Rolled Flat products to the various steel demands/customers in Thailand.
The domestic steel industry has been essential for Thailand to develop the infrastructure and to build a robust supply chain for the manufacturing industry. It has enabled Thailand to become a manufacturing hub.
Since the acquisition of the Company by Nippon Steel Corporation Japan (NSC) in March 2022, GJS has been working on improving the capabilities with technical and management support from NSC. NSC is the fourth largest steel company in the world with more than 60 years in Thailand and supplies high-quality steel to the manufacturing industry and various needs of Thai society. Currently, NSC operates 30 group companies employing approximately 8,000 people in Thailand. NSC is committed to growing the Thai business, including GJS.
GJS has been working to strengthen production stability, quality capability, and cost competitiveness to enhance customer reliability and ensure long-term sustainable growth. In order to strengthen these capabilities, GJ Steel has decided on a capital investment of approximately 1.5 billion baht over the next three years. The investment will include investment in a new scrap management system to reduce costs and reinforce the recycling system, revamp its outdated facilities to restore equipment health, and invest in new machinery to build production capabilities. This will enable GJS to restore its production stability and reliability and build a robust profit structure. GJS aims to further expand its business through sales for steel structure usage, sales to re-rolling makers (Cold rolling and Galvanizing products), and exports to Europe and neighboring ASEAN countries to ensure a sustainable profit and cashflow structure.
As the only integrated domestic producer of HRC in Thailand along with G Steel Public Company Limited (G Steel), GJS is committed to supporting the customer’s needs by providing a stable supply of quality and cost-competitive material with short lead time. Also, as the only electric arc furnace (EAF) manufacturer with low carbon emission, along with G Steel, and a major recycler of scrap in Thailand, GJS has obtained a certificate from TGO (Thailand Greenhouse Gas Management Organisation). As a low-carbon steel producer, it will enable the company to promote low-carbon products for Thai and export markets. All this will contribute to the growth of GDP in Thailand as well as to the Government’s goal of achieving carbon neutrality and the Circular Economy of Thailand.