News Room 2012 (The former Furukawa-Sky)

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Opening Ceremony for Aluminum Processing Company in China

July 31, 2012

On July 27, Furukawa-Sky and its subsidiary, Nikkei Kakoh (president: Atsushi Yamazaki; headquarters: Osaka), held the opening ceremony for Furukawa-Sky (Wuxi) Aluminum Products Co., Ltd. (President: Akifumi Tagaya), which we jointly established in the Xishan Economic Technological Development Zone in Wuxi in China's Jiangsu Province. We had announced the establishment of this new company, our fourth base in China constructed to help meet aluminum demand in that rapidly growing market, in December 2011.

There were fifty people in attendance, including guests and concerned parties from both Japan and China, with Managing Director Kunitoshi Chonan representing Furukawa-Sky, and Nikkei Kakoh President and CEO Atsushi Yamazaki also present.

Furukawa-Sky (Wuxi) Aluminum Products Co., Ltd. will meet the demand for large, precision inverters for power electrical control equipment and processed aluminum products (heat sinks) for railcar heat exchangers. We have set up the new company to meet local production needs in China, as well as to meet demand for heat-related components for automobiles throughout Asia. By combining heat-related part development strength and sales structure with Nikkei Kakoh's expertise in aluminum processing technologies such as brazing, welding and equipment processing, we aim to provide high-quality aluminum products to meet the needs of the Asian market, including China. Sales will commence in the autumn of this year, with sales totaling ¥1.6 billion when fully operational and the company operating at a profit in 2013.