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June 30, 2006

    

Ryowa Steel Corporation Starts Anew as Metal One Ryowa Corporation
- Expanded Operations to Accompany Name Change -

 

Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Moriji Kanada) is pleased to announce that Ryowa Steel Corporation (headquartered in Kurashiki-shi, Okayama; President: Masashi Mitani), which provides cutting services and sells steel plates and sheets, as well as steel pipes, will change its corporate name to Metal One Ryowa Corporation on July 1, 2006.

More than a simple name change, this move is considered one effort to promote stronger business ties with Metal One from the perspective of what is best for the Group by uniting trading and coil center operations, as well as elevating operational quality. It will also enhance the capabilities and services and will help us become a business partner that can contribute to raising the corporate value of our customers to the maximum.

<For supplementary reference>

Outline of Metal One Ryowa Corporation

1. Name: Metal One Ryowa Corporation
2. Headquarters:

6-12-1 Minamise, Kurashiki-shi, Okayama

3. Capitalization: ¥150 million
4. Main shareholder: Metal One Corporation (100%)
5. Start of operation: July 1, 2006
6. Board members:

Koichi Kanatani: Chairman, Director (General Manager of Mizushima Office, Metal One Corporation)
Masashi Mitani: President, Director
Hirotaka Tanabe: Director (General Manager of Automotive Steel Products Business Department, Metal One Corporation)
Takahiro Ide: Director (Manager of Mizushima Office, Metal One Corporation)
Masahito Goto: Corporate Auditor (General Manager of Accounting Department, Metal One Corporation)

 
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