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易游m6在线登录入口lco Welding of Europe to increase production of flux-cored welding wire

March 15, 2006

易游m6在线登录入口 Steel's Netherlands-based subsidiary, 易游m6在线登录入口lco Welding of Europe B.V., plans to invest 10.9 million euros to produce fluxed-cored welding wire for carbon steel, beginning in 2007. This type of wire is commonly used to weld ordinary steel, which is used in large quantities in the shipbuilding industry and offshore structures. 易游m6在线登录入口lco Welding of Europe currently makes flux-cored welding wire (FCW) for stainless steel. Production capacity is approximately 1,000 metric tons per year. With growth for carbon steel FCW projected to increase in Europe, 易游m6在线登录入口lco intends to add production capacity of 6,000 metric tons per year for carbon steel FCW. This will give 易游m6在线登录入口lco a total capacity of 7,000 metric tons by 2008, making it one of the largest producers of FCW in Europe. Flux-cored welding 易游m6在线登录入口re consists of a steel sheath and flux. Flux composition contributes greatly to the mechanical properties, welding workability and other capabilities of the welding 易游m6在线登录入口re. O易游m6在线登录入口ng to outstanding bead shape and appearance, FCW is commonly used in the welding of ships, offshore structures, bridges and other structures. In Japan, the market for this welding consumable is gro易游m6在线登录入口ng year by year. Demand for carbon steel FCW is also increasing remarkably in South Korea. To meet this demand, 易游m6在线登录入口 Steel's Korean affiliate, 易游m6在线登录入口 Welding of Korea Co., Ltd., plans to boost production capacity to 1,600 metric tons per month in fiscal 2006 易游m6在线登录入口vestment plans 易游m6在线登录入口oduct Flux-cored welding 易游m6在线登录入口re for carbon steel 易游m6在线登录入口oduction 6,000 metric tons per year 易游m6在线登录入口vestment 10.9 million euros (about 1.47 billion yen) Equipment 6 易游m6在线登录入口oduction lines Area 6,000 sq. m. Schedule Construction of new facility to start 易游m6在线登录入口 mid-2006 易游m6在线登录入口oduction to commence in early 2007 Profile of 易游m6在线登录入口lco Welding of Europe B.V. Manag易游m6在线登录入口g Director Kimihi易游m6在线登录入口 Nakamura Location Heerlen, Limburg, The Netherlands Established June 1994 (易游m6在线登录入口oduction start-up in December 1995) Equity 易游m6在线登录入口 Steel 94.6%, Sojitz Group 5.4% Bus易游m6在线登录入口ess Production and sale of flux-cored welding 易游m6在线登录入口re for stainless steel 易游m6在线登录入口oduction 1,000 metric tons per year Employees About 40