CLN sells Slovak automotive steel service centre to Nippon Steel Trading

Japan's Nippon Steel Trading Corporation (NST) has agreed to acquire 100pct of CLN Slovakia s.r.o. (CLN SK), an automotive-focused steel service centre in Kosice, Slovakia, from Italy's CLN SpA.

Established in 2007, CLN SK has around 220,000 tons per year of steel processing capacity and specializes in processing steel coils, mainly narrow strips and sheets, for the automotive sector. The company supplies major regional automakers and Tier 1 suppliers.

Following completion of the acquisition, CLN SK will continue to operate within the premises of Nippon Steel Slovakia, a major Slovak steel producer owned by Nippon Steel Corporation

The acquisition is expected to strengthen Nippon Steel's regional capabilities by adding specialized automotive steel processing and delivery functions, as well as an established commercial team.

Completion of the transaction is subject to regulatory approvals and other customary closing conditions.

CLN SpA (CLN Group) is an Italian privately held industrial group founded in 1948. It specializes in metal forming, automotive component assembly, and steel processing and distribution, supplying major global automotive manufacturers as a Tier 1 supplier.

Nippon Steel Trading Corporation (NST) is the core trading company of Japan's Nippon Steel Group, one of the world's largest steelmaking groups. It operates across multiple business areas, with steel trading as a key activity.