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2005 News Release
August 4 
August 4, 2005
Hitachi Metals, Ltd.
Hitachi Metals Precision, Ltd.
Hitachi Metals, Ltd.
Hitachi Metals Precision, Ltd.
Precision-Cast Product Manufacturing Firm to be Established in Thailand
—Response to Expanding Demand in Southeast Asia—| Tokyo, Japan, August 4, 2005—Hitachi Metals Precision, Ltd. of the Hitachi Metals Group announced today that it will establish HMP (Thailand) Ltd., which will manufacture precision-cast products*1 using the lost wax method. The new company will give Hitachi Metals Precision a manufacturing base from which to meet growing demand in Southeast Asia, and will allow it to build a detailed precision-cast-product supply system for the region. This will enable Hitachi Metals Precision to increase its share of the Southeast Asian market by more fully meeting the needs of customers. |
1. Background and Summary
The lost wax method allows the production of precision-cast products in complex shapes with almost no processing. It is used for a broad array of precision components for automobiles, aircraft, nuclear reactors, electronic equipment, construction materials, and medical equipment. The development of new materials is resulting in the use of this method in a growing number of fields, and new possibilities are continually emerging.Southeast Asian economies, and particularly the Thai economy, are showing sustained growth. Accordingly, these are very promising markets for lost wax precision-cast products, and the economic growth is expected to continue.
For these reasons, Hitachi Metals Precision has decided to establish HMP (Thailand) Ltd. as a base for lost wax precision-cast product manufacturing in Southeast Asia. The building of a detailed and responsive supply system for lost wax precision-cast products in Southeast Asia will allow the reduction of distribution costs and aid in satisfying customer requirements, positioning Hitachi Metals Precision to win a larger share of these growth markets.
HMP (Thailand) Ltd. will also contribute to the global expansion of the Hitachi Metals Group by producing turbocharger*2 components, a market which is forecast to expand as a result of tightening restrictions on carbon dioxide emissions.
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| Electronics Parts | Glass Supporting Fixtures | Pneumatic Tool Parts |
2. About the New Company
| (1) Name: | HMP (Thailand) Ltd. |
| (2) Planned establishment: | November 2005 |
| (3) Location: | 1/60, Moo 5, Rojana Industrial Park, T. Khanharm, A. Uthai, Ayutthaya, 13210, Thailand (on the site of Hitachi Metals (Thailand) Ltd.) |
| (4) President: | Sunao Yuasa (now general manager of Yasugi Works, Hitachi Metals Precision) |
| (5) Paid-in capital: | ¥150 million (100% capitalized by Hitachi Metals Precision) |
| (6) Business activities: | Manufacturing using the lost wax method and product sales |
| (7) Commencement of operations: | April 2006 (mass production will begin in June 2006) |
| (8) Sales target: | ¥2.0 billion (in fiscal 2010) |
| (9) Number of employees: | 210 (in fiscal 2010) |
| Customer Inquiries: | ||
| Masahiro Fukunaga Hitachi Metals Precision, Ltd. Telephone: +81-3-5765-4504 Facsimile : +81-3-5765-8340 |
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| Press Inquiries: | ||
| Akio Minami Corporate Communications Office, Hitachi Metals, Ltd. Telephone: +81-3-5765-4079 Facsimile : +81-3-5765-8312 |
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(Reference)
Hitachi Metals Precision, Ltd.
| (1) Established: | April 1, 2005 |
| (2) Headquarters: | Seavance North 1-2-1 Shibaura, Minato-ku, Tokyo |
| (3) Representative director president: | Toshimichi Matsukawa |
| (4) Paid-in capital: | ¥300 million (100% capitalized by Hitachi Metals) |
| (5) Number of employees: | 520 |
| (6) Business locations: | Three sales offices, two manufacturing plants |
| (7) Business operations: | Manufacturing and sales of precision cast parts for automotive and aerospace equipment, the nuclear energy industry, construction materials, and electronic equipment; manufacturing and sales of metal injection molded parts, office equipment components, and parts for precision equipment. |
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