Metal One Corporation (headquartered in Minato-ku, Tokyo; president: Moriji Kanada) is pleased to announce that five percent of the shares of Thai Metal Trade Public Company Limited listed on the Stock Exchange of Thailand (SET) were acquired on August 3, 2007. A Metal One employee is scheduled to be posted to the company in the fall, and a wide-ranging business partnership with the company will begin.
Thai Metal Trade is Thailand's largest hot rolled product service center, steel distributor, and manufacturer. The business partnership will demonstrate the synergy comprising Metal One's expertise and experience and Thai Metal Trade's capabilities and marketing force, promoting stronger sales capabilities in the Thai steel products market.
Outline of Thai Metal Trade Public Company Limited
||Bangkok (Bangkok City Tower, 22 fl.)
||Ayutthaya and Bangkok
||6.586 million baht (approximately ¥23 billion, as of the term ended December 2006)
||4.25 million baht (approximately ¥1.5 billion, listed on SET)
|| Line of business:
||Hot rolled coil service centers; distribution of wide flange beams, steel plates, round bars, and wire rods; and manufacturing of welded pipe and C shapes