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October 4, 2011

    

Metal One Service Asia (Guangzhou, China) Co., Ltd., Launched in China

 

Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Naoto Matsuoka) has established Metal One Service Asia (Guangzhou, China) Co., Ltd. (MOSAC Guangzhou), a steel service center for the automotive sector, in Guangzhou, Guangdong Province, China. A launch ceremony was held on September 29, and full operations began.

MOSAC Guangzhou is located 40 minutes by car from Foshan Shunde Hua Ri Steel Coil Center Co., Ltd., which is Metal One’s wholly owned steel service center in Shunde District, Foshan. It will be jointly managed with that company as its second plant.

Car production in China was 18.26 million vehicles in 2010. China has an overwhelming lead over number two Japan (9.63 million vehicles) and the United States at number three (7.74 million vehicles), and production is continuing to grow. To take advantage of this situation, three Japanese carmakers and numerous Japanese component manufacturers have set up operations in Guangzhou, and the city has become a major car manufacturing center.

Metal One established MOSAC Guangzhou to respond to expanding needs for automotive steel processing in the region. Managed jointly with Foshan Shunde Hua Ri Steel Coil Center, it will offer customers Japan-grade quality services and just in time deliveries.

Outline of the New Company

1. Name: Metal One Service Asia (Guangzhou, China) Co., Ltd.
(MOSAC Guangzhou)
2. Location: Yonghe Economic Zone, Guangzhou Economic & Technological Development District, Guangzhou, Guangdong Province, China
3. Representative: Yoshitaka Uriu, chairman and managing director
(concurrently chairman and managing director of Foshan Shunde Hua Ri Steel Coil Center)
4. Capitalization: US$12 million
5. Shareholders: Metal One (100%)
6. Date of establishment: September 15, 2010
7. Start of operation: September 2011
8. Number of employees: Approx. 70
9. Line of business: Processing and sales of automotive steel sheets
10. Facilities: One large slitter line
 
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