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November 15, 2010

    
Metal One Corporation
Suzuki Motor Corporation
Maruti Suzuki India Limited
JFE Shoji Trade Corporation
 

Establishment of Steel Processing Center for Maruti Suzuki India

 

Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Naoto Matsuoka), Suzuki Motor Corporation (headquartered in Hamamatsu-shi, Shizuoka Prefecture; President: Osamu Suzuki), Maruti Suzuki India Limited (headquartered in New Delhi, India; President: Shinzo Nakanishi), and JFE Shoji Trade Corporation (headquartered in Chiyoda-ku, Tokyo; President: Mikio Fukushima) has just decided to set up a steel processing center for Maruti Suzuki India in Manesar, Haryana State, India.

Despite the economic slump caused by the bankruptcy of Lehman Brothers Holdings Inc., car production in India rapidly rebounded to more than 2.6 million units in 2009, making the country the seventh-ranked car manufacturing nation in the world. The demand for cars is expected to increase because India currently has a population of more than 1.1 billion and the country’s middle and upper classes will expand in tandem with economic growth. At the same time, the number of cars exported from India is going up as well. Because of these, further development is expected to a projected production of 4 million units in 2013.
Maruti Suzuki India achieved the million-unit level of production in 2009, and as it endeavors to add lines and broadly expand production, setting up a steel processing center to support those expansion efforts has become an urgent issue. Therefore, a decision has been made to establish such a steel processing center.

Offering the same levels of quality, cost-effectiveness, and delivery capabilities (QCD) as those in Japan, the new company will contribute to Maruti Suzuki India’s further growth as well as the development of India’s car industry.

Outline of the New Company

1. Name: Manesar Steel Processing (India) Private Limited
2. Location: Manesar, Haryana State, India
3. Representative: To be chosen from Metal One
4. Capitalization: Approx. ¥912 million
5. Shareholders: Metal One (55%), Suzuki Motor (20%), Maruti Suzuki India (15%), JFE Shoji Trade (10%)
6. Date of establishment: September 2010
7. Start of operation: May 2011
8. Number of employees: Approx. 70
9. Line of business: Processing of automotive sheets
10. Main facilities: 1 large slitter line, 1 large leveler line, 1 mini leveler line, and 3 shearing lines
11. Projected processing capacity: 13,000 tonnes per month
 
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