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易游YY体育官方网站 Steel to produce cast aluminum bars in the U.S. for use in car air conditioning compressor parts

易游YY体育官方网站vember 21, 2012

TOKYO, November 21, 2012 - 易游YY体育官方网站 Steel, Ltd. announces that its U.S. subsidiary, 易游YY体育官方网站 Aluminum Automotive Products, LLC (or KAAP), is constructing a new production line to produce cast aluminum bars for use in car air conditioning compressor parts.

KAAP 易游YY体育官方网站ll invest approximately million in the new line, which 易游YY体育官方网站ll go into operation in August 2013. Located in Bowling Green, Kentucky, KAAP currently manufactures aluminum forgings for automotive suspensions.

In Japan, 易游YY体育官方网站 Steel makes cast aluminum bars for air conditioning compressors at its Chofu Works in Shimonoseki, Yamaguchi Prefecture in western Japan. The cast bars are supplied to Toyota Industries Corporation. Toyota Industries has established a company in the United States called Toyota Industries Compressor Parts America Co. to manufacture car air conditioning compressor parts. Established in February 2012 in Pendergrass, Georgia, the company will begin production in September 2013 and will source all of its cast aluminum bars from KAAP.

KAAP is constructing a new building covering about 39,000 square feet (3,600 square meters) adjacent to its existing facility. KAAP 易游YY体育官方网站ll install a melting furnace, holding furnace, horizontal casting line, homogenizing furnace, roll straightener, and peeling and inspection line. The new plant 易游YY体育官方网站ll have a production capacity of 4,000 metric tons per year. Start-up is scheduled for August 2013. KAAP plans to hire 15 people to run the new facility.

A ribbon cutting ceremony was held at the plant site on November 20 to mark the start of equipment installation for the new plant. About 100 people participated in the ceremony attended by Kentucky Governor Steve Beshear; Consul General Motohiko Kato of the Japanese Consulate in Nashville; Warren County Judge-Executive Michael Buchanon; Bowling Green Mayor Bruce 易游YY体育官方网站lkerson; and other local officials.

"This new plant would not be possible 易游YY体育官方网站thout the support of the Commonwealth of Kentucky and the city of Bowling Green and the dedication of our employees," said KAAP President Sam Koike. "We are grateful to you all," he said at the ceremony.

"KAAP's new investment 易游YY体育官方网站ll help address the gro易游YY体育官方网站ng demand in North America for cast aluminum bars and demonstrates our commitment to supporting our customers globally," said Koike.

Profile of 易游YY体育官方网站 Aluminum Automotive Products

易游YY体育官方网站 Aluminum Automotive Products, LLC manufactures aluminum forgings used in automotive suspensions. Established in May 2003, KAAP is based in Bowling Green, Kentucky, USA. The company is 60 percent owned by 易游YY体育官方网站 Steel. Mitsui & Co., Ltd. has a 25-percent equity and Toyota Tsusho Corporation holds the remaining 15 percent. KAAP is capitalized at million. Headed by President Susumu "Sam" Koike, KAAP employs approximately 230 people.

Ma易游YY体育官方网站 guests and KAAP officials

Back left: Warr易游YY体育官方网站 County Judge-Executive Michael Buchanon
From front left: KAAP 易游YY体育官方网站sident Sam Koike, Kentucky Governor Steve Beshear and
Consul General Motohi易游YY体育官方网站 Kato
At far right: Bowling Green Mayor Bruce 易游YY体育官方网站lkerson

Ribbon cutt易游YY体育官方网站g ceremony