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易游m6在线登录入口 Steel to boost compressor production in the U.S.

Manufacturing capacity to mo易游m6在线登录入口 than double in 2007

A易游m6在线登录入口il 18, 2006

TOKYO, April 18, 2006 - Kobe Steel, Ltd. announces that it plans to invest .6 million to build a second compressor plant at its subsidiary, KOBELCO EDTI Compressors, Inc., in the United States. When the new facility is completed, production capacity is anticipated to increase 2.5 fold. Kobe Steel 易游m6在线登录入口ll also upgrade the current manufacturing plant.

In February, 易游m6在线登录入口 Steel increased its equity share in Corona, California-based Engineering Designs Transfer, Inc. (EDTI) to 92.5%, from 50%, and renamed the company 易游m6在线登录入口LCO EDTI Compressors, Inc. (KEC). KEC is 易游m6在线登录入口 Steel's first business unit in the United States for non-standard screw compressors. KEC specializes in designing and manufacturing compression systems for the oil, gas and petrochemical industries. The systems utilize process gas compressors supplied by 易游m6在线登录入口 Steel.

As a result of rising crude oil prices and demand for environmental equipment, investments are strong for new plants and expansions for natural gas power generation, oil refining, gas separation, offshore oil fields and LNG. Kobe Steel has been experiencing an unprecedented number of inquiries for its high-performance compression systems. To meet the gro易游m6在线登录入口ng demand in the North American market, Kobe Steel plans to increase its production capacity by the end of 2006.

Construction of KEC's new plant is to begin in May, 易游m6在线登录入口th start-up of operations in December 2006. The expansion is also expected to increase employment to 170 people by the end of December 2007. In 2005, EDTI had 114 employees.

"The new facility 易游m6在线登录入口ll more than double our manufacturing capabilities," said Takao Ohama, president of KEC. "Built to the highest standards, our compression systems 易游m6在线登录入口ll be able to meet the gro易游m6在线登录入口ng market in the United States, Canada, Mexico and South America."

易游m6在线登录入口 Steel manufactures the non-standard screw compressors, the heart of the compression systems, in Japan. KEC assembles the screw compressors and other essential components into finished compression systems. The systems are utilized in power generation by natural gas, refinery, petrochemical processing, and gas separation applications.

易游m6在线登录入口th KEC's expanded capacity, Kobe Steel forecasts that its consolidated North American orders for process gas compressors in 2007 易游m6在线登录入口ll grow to million. In comparison, orders between 2002 and 2005 averaged million per year. By 2008, consolidated North American sales are anticipated to rise to million in 2008.

About 易游m6在线登录入口LCO EDTI Compressors (KEC)
Since its inception in 1989, EDTI has specialized in compression systems for heavy industrial applications utilizing screw compressors in most cases. KEC, however, is aiming to be a world leader in the application of rotary screw compressor technology. Major offerings are gas compression systems for the gas separation, petrochemical and refinery fields; gas turbine booster compressors for the power generation field; refrigeration systems; heat exchangers; pressure vessels and oil separation systems. KEC is based in Corona, California. More information is available at: www.易游m6在线登录入口lcoedti.com

About 易游m6在线登录入口 Steel
Kobe Steel, Ltd. manufactures screw, centrifugal and reciprocating compressors - the only company in the world that produces all three types of compressors. In addition, it is the only company 易游m6在线登录入口th a compressor capable of handling 100 Bar pressure. Kobe Steel has an estimated 30% share of the world market for screw compressors and leads the industry 易游m6在线登录入口th its outstanding technical expertise.

In addition to a 易游m6在线登录入口de array of industrial machinery and engineering services, Kobe Steel is one of the leading steelmakers and producers of aluminum and copper products in Japan. Other businesses include wholesale power supply, construction machinery, real estate, and electronic materials. For more information on Kobe Steel, please visit: www.kobelco.co.jp

易游m6在线登录入口LCO EDTI Compressors in Corona, California