Nippon Steel Corp. and Titanium Metals Corp. (Timet) have reached an agreement to mutually co-operate in the market development and sale of titanium alloy for automobile suspension springs in Japan. The two companies have begun to work out concrete means to achieve these objectives, and have also started joint sales activities towards Japanese car and spring manufacturers. Timet has developed the Timetal LCB* alloy for car makers. Volkswagen has already adopted this alloy for its passenger cars. Nippon Steel and Timet have come to a basic agreement to co-operate in supplying Timetal LCB* alloy to Japanese carmakers through Nippon Steel’s sales channel, and an agreement is being drafted for this purpose.
