Neotiss SAS acquired the shares of Nippon Steel Sumitomo Metal Corporation (NSSMC), Metal One and General Electric within Neotiss Asia to become the sole shareholder of Neotiss Asia SAS.

Neotiss Asia SAS, which is owning the shares of Neotiss Tube Changzhou, is a company created in 1996 to address Chinese growing power market.

Through this acquisition, Neotiss is reinforcing its control on its Chinese operations to be in a better position to address today challenges on this key market and conduct the necessary strategic actions.

With 6 locations worldwide, Neotiss produces titanium, stainless steel and high nickel alloys thin welded tubes for demanding applications and critical markets.