Nippon Steel invests in Mlion, eyes stronger Asean foothold

The Japanese steel giant hopes to leverage Mlion’s position as a market leader in the steel sheet piling sector

SINGAPORE-headquartered foundation solutions company Mlion Corporation has received a minority investment from Nippon Steel, as the Japanese steel giant seeks to strengthen its presence in Asean.

The move is in line with Nippon Steel’s long-term goal of gaining a greater foothold in key Asean markets such as Singapore and the Philippines, Mlion Corporation said on Tuesday (Oct 1).

Mlion Corporation is a market leader in the steel sheet piling sector, distributing more than 300,000 tonnes of steel materials each year across nine offices in Asia and the Middle East. Nippon Steel hopes to leverage Mlion Corporation’s position and expertise in sales and procurement to expand its reach in the region.

“The investment will help Nippon Steel Trading Corporation gain a greater market share and presence through Mlion,” said Mlion Corporation.

Their partnership is expected to play a pivotal role in Asean’s rising demand for high-quality steel materials, driven by large-scale infrastructure projects. It will also address a growing construction market in Asia and the Middle East, said Mlion Corporation.

Through the partnership, Nippon Steel is also looking to grow its sales across a range of products and expand its reach in high-performance offerings.

Both companies “will remain committed to delivering innovative, high-quality materials that address the evolving needs of the construction industry”, said Mlion Corporation, adding that the partnership will create new avenues for sustainable growth and market expansion for key infrastructure projects.