2006 The former Hitachi Cable News Release
Information (including product prices, product specifications, details of services, launch dates, inquiry information, and URLs) contained in this news release is current as of the date of the press release but is subject to change without notice. Please note that details may differ from those effective on the search date.
Notice of Trading Name Changes for Affiliated Company
As described below, the trading name of Outokumpu Hitachi Copper Tube (Thailand) Ltd., a Thailand-based affiliate of Hitachi Cable, Ltd., has changed.
1. Affiliated Company Trading Name and Details
| (1) Trading name | : | Outokumpu Hitachi Copper Tube (Thailand) Ltd. |
| (2) Address | : | Chachoengsao Province, Thailand |
| (3) Capital | : | 500 million baht (approx. 1.4 billion yen) (Capital contribution ratio: Luvata Oy 64%, Hitachi Cable 36%) |
| (4) Founded | : | Nov-99 |
| (5) CEO | : | Jounji Satola (Luvata Oy) |
| (6) Employees | : | 240 (as of the end of December 2005) |
| (7) Main business areas | : | Manufacture and sale of copper tubes |
| (8) New trading name | : | Luvata Hitachi Cable (Thailand) Ltd. |
| (9) Change to new trading name | : | May 15, 2006 |
2. Reason for trading name change
The trading name was changed due to the change in the name of Outokumpu Copper Products Oy* to Luvata Oy on May 10, 2006. The renamed company is a joint owner of Outokumpu Hitachi Copper Tube (Thailand) Ltd.
| *1 | "Oy" means "Ltd." in Finnish. |
3. Overview of Luvata Oy
| (1) Company name | : | Luvata Oy |
| (2) Headquarters | : | Espoo, Finland |
| (3) CEO | : | John Peter Leesi (CEO & President) |
| (4) Employees | : | Approx. 6,300 (as of the end of December, 2005) |
| (5) Total sales | : | Approx. 1.84 billion euros (consolidated in 2005) |