Thainox Stainless Plc is forming a JV called NS-Thainox Auto Co. with Japanese SS maker Sumikin Stainless Steel Corp. and Siam Lotus Co. Ltd (SLC) to penetrate the automotive market. Operations are planned to start by year end. Thainox and NSSC each hold 49% of the new company, with SLC holding 2%. Mr Jean-Paul Thevenin MD of Thainox said that the company will market and distribute cold-rolled stainless steel products used in the auto and motorcycle industry in Thailand, Asean and India.
