# Nippon Steel to invest $1.55 billion in electrical steel sheet capacity

Nippon Steel is investing approximately JPY 213 billion ($1.55 billion) at its Setouchi Works and Kyushu Works to increase non-oriented electrical steel sheet production capacity for eco-friendly cars. The investment will be fully effective by the first half of fiscal year 2027, with capacity expected to become about five times the current level.

- Type: Expansion
- Announced: 2023-05-18
- Where: Setouchi Works and Kyushu Works, Japan
- Value: $1.55B
- Starts operating: 2027
- Status: announced
- Capacity: about five times the current capacity
- Products: non-oriented electrical steel sheets for eco-friendly car motors
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nippon Steel](https://endata.com/companies/7455.md)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/nippon-steel-to-increase-non-oriented-electrical-steel-sheet-output-capacity-1290580.htm), 2023-05-18: "The investments will be fully effective by the first half of the fiscal year 2027, with non-oriented electrical steel sheet manufacturing capacity for eco-friendly cars expected to become about five times the current capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.