Metal One Metal One Coporation
  HOME     JAPANESE     CHINESE     SITE MAP  
News
January 24, 2005
    
Coil Center (Qingdao Haili Metal One Steel Products Co., Ltd.) Set Up to
Meet Needs of Electrical Appliance Manufacturers
 

Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Moriji Kanada) has set up Qingdao Haili Metal One Steel Products Co., Ltd. - the Metal One Group's 10th coil center in China - through joint investment with Chinese coil center Qingdao Haili Steel Products, Co., Ltd. (headquartered in Qingdao City, Shandong Province, China; Chairman: Sun Gang). Metal One holds 25% of the joint venture and Qingdao Haili Steel Products, Co., Ltd., 75%. The new company, located at Qingweilu, Jimoshi, Qingdao City, Shandong Province, China, was incorporated on December 3, 2004.

A number of China's leading manufacturers of electrical appliances - including the Haier Group Company and the Hisense Group Co., Ltd. - operate in the Qingdao area where the new company is situated, and Metal One has been making strenuous efforts to supply steel plates and sheets to these manufacturers. Metal One's new processing base is intended to improve its services in this regard and to further expand sales.

The new company started operations in January 2005 by using an existing plant (Qingweilu, Jimoshi, Qingdao City, Shandong Province, China) of Qingdao Haili Steel Products, Co., Ltd. A second plant is now under construction in the Huangdao District (Qingdao High-tech Park, Qingdao City, Shandong Province, China) and operations are scheduled to start there in May 2005.

The combined annual processing capacity of the two plants is planned to be about 170,000 tonnes (the Jimo Plant: 70,000 tonnes; the Huangdao Plant: 100,000 tonnes), and this will raise the Metal One Group's total annual processing capacity of steel products to more than 1 million tonnes.

Details:
  1. Name:   Qingdao Haili Metal One Steel Products Co., Ltd.
  2. Headquarters:   Qingweilu, Jimoshi, Qingdao City, Shandong Province, China
  3. Board members:  
Chairman : Liu Guoping (President, Qingdao Haili Steel Products, Co., Ltd.)
President: Gao Shenglei (Vice President, Qingdao Haili Steel Products, Co., Ltd.)
Director: Masao Uno (President, Tianjin Rihua Steel Products Co., Ltd.)
Director: Shinpei Asada (Deputy General Manager, Steel Products For Overseas Electrical Industries Department, Metal One Corp.)
  4. Capitalization:   $6 million (approx. ¥630 million)
- Metal One Corp.: 25%;
- Qingdao Haili Steel Products, Co., Ltd.: 75%
  5. Establish date:   December 2004
  6. Start of operation:   Jimo Plant: January 2005
Huangdao Plant: May 2005 (planned)
  7. No. of employees:   Approx. 115 (at establishment)
  8. Expected sales:   Approx. ¥8 billion (in FY2006)
         
Outline of New Company's Facilities:
(1) Jimo Plant
  1. Location:   Qingweilu, Jimoshi, Qingdao City, Shandong Province, China
  2. Site area:   14,901 m2
  3. Building area:   8,566 m2
  4. Production facilities:   1 slitter, 2 leveler shears, 1 slit leveler, 8 guillotine shears
  5. Production capacity:   70,000 tonnes/year
         
(2) Huangdao Plant
  1. Location:   Haier Industrial Park, Qingdao High-tech Park, Qingdao City, Shandong Province, China
  2. Site area:   Approx. 12,000 m2
  3. Building area:   Approx. 7,500 m2(now under construction; inauguration set for April 2005)
  4. Production facilities:   2 slit levelers (to be purchased new; made in Taiwan), 2 guillotine shears
  5. Production capacity   100,000 tonnes/year
         

<For supplementary reference>

Outline of Qingdao Haili Steel Products, Co., Ltd.
  1. Location:   Yinqinglu, Jimoshi, Qingdao City, Shandong Province, China
  2. Capitalization:   $361,000
  3. Board members:   Chairman: Sun Gang; President: Liu Guoping
  4. Establish date:   June 2003
  5. Site area:   100,000 m2
  6. Production facilities:   Coil center, press shop, coating shop, distribution warehouse
         
News
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
?Terms of Use  
(C) Copyright Metal One Corporation. All rights reserved.