30 January, 2012
To whom it may concern
Maruichi Steel Tube Ltd. Announcement on Manufacturing Base
Establishment in Mexico
Our subsidiary companies in the United States, Maruichi
American Corporation (hereinafter called MAC) and MKK USA
INC. (hereinafter called MKK USA), hereby announce that they
will establish a local corporation through joint investment
with Marubeni-Itochu Steel Inc. (hereinafter called
Marubeni-Itochu Steel) and Toyota Tsusho Corporation
(hereinafter called Toyota Tsusho) in the United Mexican
States.
1. Purpose of the Establishment
In order to manufacture and sell various steel tubes mainly
to Japanese automotive parts manufacturers, our two US
subsidiary companies and two trading companies have decided
to establish a local corporation through joint investment and
to build a new factory in Aguascalientes State in Mexico. The
Aguascalientes State attracts remarkable attention as
automotive manufacturing base in the North and South America
regions and Japanese automotive manufacturers are planning to
move into there.
A Japanese automotive manufacturer has advanced into this
area and is planning to expand their factory. Besides, in the
nearby state of Guanajuato , new projects of factory
construction by Japanese automotive manufacturers are
ongoing, so Japanese automotive parts manufacturers are
expected to begin operations in this area.
By utilizing the extensive experience in manufacturing and
sales of automotive steel tubes in Japan, China, India &
Indonesia, we plan to locally manufacture the high-quality
automotive steel tubes and meet users' local procurement
needs for raw materials.
2. Outline of the New Company
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