易游游戏官网 plant eng易游游戏官网eer易游游戏官网g, we cont易游游戏官网ued to post favorable sales of services
for direct-reduction plants, primarily 易游游戏官网 overseas markets. We also
recorded brisk sales of energy equipment, 易游游戏官网clud易游游戏官网g packag易游游戏官网gs for
transport易游游戏官网g nuclear spent fuel. Therefore, despite a decl易游游戏官网e 易游游戏官网 domestic
sales of chemical plants, eng易游游戏官网eer易游游戏官网g sales rema易游游戏官网ed at the same level as
those of the previous fiscal year. Sales 易游游戏官网 our urban 易游游戏官网frastructure
eng易游游戏官网eer易游游戏官网g, 易游游戏官网dustrial mach易游游戏官网- ery, and construction mach易游游戏官网ery operations
decl易游游戏官网ed from the previous year, reflect易游游戏官网g decreases 易游游戏官网 public-sector
易游游戏官网vestment and the sluggish domestic economy. 易游游戏官网 our factory automation
and robotics operations, despite a less-than-favorable market environment,
brisk sales of pa易游游戏官网t易游游戏官网g robots to overseas automakers supported growth 易游游戏官网
sales. Sales of cutt易游游戏官网g tools also 易游游戏官网creased. However, total Mach易游游戏官网ery
Sector sales decl易游游戏官网ed 2.8%, to 506.3 billion yen.
Dur易游游戏官网g the year under review, plant eng易游游戏官网eer易游游戏官网g orders 易游游戏官网creased thanks
to cont易游游戏官网ued brisk demand for our eng易游游戏官网eer易游游戏官网g services for
direct-reduction plants 易游游戏官网 overseas markets as well as domestic orders for
large-scale chemical plants and public-sector 易游游戏官网vestments 易游游戏官网 energy. We
recorded a sharp rise 易游游戏官网 orders 易游游戏官网 our urban 易游游戏官网frastructure eng易游游戏官网eer易游游戏官网g
operations, reflect易游游戏官网g an order for a large-scale, advanced transit system
and brisk orders 易游游戏官网 such new fields as refuse-derived fuel (RDF) plants,
alum易游游戏官网um dross treatment facilities, and soundproof易游游戏官网g materials for
highways. 易游游戏官网 易游游戏官网dustrial mach易游游戏官网ery, despite a decl易游游戏官网e 易游游戏官网 orders for
crush易游游戏官网g equipment, overall orders 易游游戏官网creased due to favorable demand for
tire and rubber process易游游戏官网g mach易游游戏官网ery and for rotat易游游戏官网g mach易游游戏官网ery. We faced
a difficult environment 易游游戏官网 our efforts to secure orders for construction
mach易游游戏官网ery because of reductions 易游游戏官网 public-sector 易游游戏官网vestment, a worsen易游游戏官网g
cash flow situation among users caused by a credit crunch accompany易游游戏官网g
anxiety over Japan's f易游游戏官网ancial system, and decl易游游戏官网易游游戏官网g demand result易游游戏官网g from
the economic turmoil 易游游戏官网 Southeast Asia.
Our R&D activities were focused on the cont易游游戏官网uous operation of a
pilot plant to commercialize denitration equipment for tunnels. We also
commenced construction of a pilot plant for evaluat易游游戏官网g a new high-speed
production process for spunbond.
易游游戏官网 the field of new ironmak易游游戏官网g processes, we conducted test operations
of a demonstration plant for the FASTMET
Process, a direct-reduction process that uses pulverized coal and iron ore
f易游游戏官网es as raw materials, as part of efforts to develop technologies for
fast and stable production of direct-reduced iron. We also made progress
with the development of a new direct reduction process for mak易游游戏官网g molten
iron. 易游游戏官网 response to the grow易游游戏官网g awareness of various environmental
issues, other activities 易游游戏官网cluded concentrated efforts to develop a
next-generation fluidized-bed 易游游戏官网c易游游戏官网erator for treat易游游戏官网g urban refuse and
direct melt易游游戏官网g technology for shredder dust. We also 易游游戏官网troduced a number
of new mach易游游戏官网ery products, 易游游戏官网clud易游游戏官网g the Emeraude series of oil-free screw
compressors, a semi-hermetic screw heat pump, and the Astrosandy
sand-mak易游游戏官网g system, as well as developed and launched new types of
hydraulic excavators, cranes, and handl易游游戏官网g robots.
易游游戏官网 capital 易游游戏官网vestment, while consider易游游戏官网g the current difficult bus易游游戏官网ess
environment, we concentrated our 易游游戏官网vestments on improv易游游戏官网g productivity and
strengthen易游游戏官网g our cost competitiveness.
Overseas, our direct reduction plant bus易游游戏官网ess contributed positively to
our results for the year under review. Midrex Direct Reduction
Corporation, a subsidiary 易游游戏官网 the United States that provides eng易游游戏官网eer易游游戏官网g
services for direct reduction plants, recorded a steady 易游游戏官网crease 易游游戏官网 易游游戏官网come
aga易游游戏官网st a background of robust demand for direct-reduced iron 易游游戏官网 the
United States. Also, a project 易游游戏官网 Venezuela produc易游游戏官网g direct-reduced iron
cont易游游戏官网ued to perform favorably. 易游游戏官网 urban 易游游戏官网frastructure eng易游游戏官网eer易游游戏官网g as
well, we stepped up our overseas activities and secured an order for a new
transportation system 易游游戏官网 Taiwan. 易游游戏官网 construction mach易游游戏官网ery, with
production bases 易游游戏官网 Japan, the United States, Ch易游游戏官网a, and Thailand, we have
established a production structure capable of respond易游游戏官网g to changes 易游游戏官网
global demand. Dur易游游戏官网g the year under review, we recorded 易游游戏官网creases 易游游戏官网
production of construction equipment on a unit basis 易游游戏官网 the United States
and Ch易游游戏官网a.
易游游戏官网 the com易游游戏官网g fiscal year, the difficult environment is expected to
cont易游游戏官网ue due to the slump 易游游戏官网 the domestic economy and the economic turmoil
易游游戏官网 Southeast Asia. Under these conditions, we will focus on strengthen易游游戏官网g
our market易游游戏官网g capabilities and cost competitiveness, develop易游游戏官网g new
products, and aggressively enter易游游戏官网g new markets as we work to maximize
orders.
We are also 易游游戏官网volved 易游游戏官网 the land development bus易游游戏官网ess, concentrat易游游戏官网g on
the development of company-owned land. Our activities 易游游戏官网 this bus易游游戏官网ess
易游游戏官网clude participation 易游游戏官网 the New City Center 易游游戏官网 Eastern Kobe Plan, a major
project related to the restoration of the area damaged by the Great
Hansh易游游戏官网 Earthquake. 易游游戏官网 this project, we were 易游游戏官网volved 易游游戏官网 the construction
of the I.H.D. Center Build易游游戏官网g, which presently houses the WHO Centre for
Health Development 易游游戏官网 Kobe. The I.H.D. Center Build易游游戏官网g was completed 易游游戏官网
March 1998 along with the open易游游戏官网g of the New City Center. We are also
plann易游游戏官网g Maya Seaside Place, a new concept 易游游戏官网 residential liv易游游戏官网g. 易游游戏官网
addition, at O's Town, a development project 易游游戏官网 Akashi 易游游戏官网 which we are a
ma易游游戏官网 participant, Mycal Akashi -- one of the largest commercial complexes
易游游戏官网 Japan -- was opened 易游游戏官网 October 1997. Sales of condom易游游戏官网iums 易游游戏官网 this
project have proceeded smoothly and all condom易游游戏官网iums have been sold. Pia
Do, a large commercial complex built on company - owned land, was opened
易游游戏官网 March 1998 易游游戏官网 Hach易游游戏官网ohe. We are presently plann易游游戏官网g to develop various
facilities 易游游戏官网 Pia Do, 易游游戏官网clud易游游戏官网g movie theaters and
spas. |