Mitsubishi Materials to Integrate Group 2 Rolled Copper Makers

Mitsubishi Materials announced on Friday the firm makes Mitsubishi Shindoh and Sambo Copper Alloy wholly owned subsidiaries and integrates 2 subsidiaries on 1 April, 2008. Both Mitsubishi Shindoh and Sambo Copper Alloy have been Mitsubishi Material’s group companies while Mitsubishi Shindoh is headed in Tokyo and Sambo Copper Alloy in Osaka. Mitsubishi Materials aims to organize a flexible and strategic output system of copper alloy products at 2 plants in Eastern and Western Japan while integrate production and development technologies of the 2 subsidiaries. Mitsubishi Materials will strengthen the copper fabricating business in size and competitiveness through the integration. The integrated company will become the largest copper alloy fabricator in Japan.Mitsubishi Materials, Mitsubishi Shindoh and Sambo Copper Alloy agreed in a total cooperation of their copper alloy product business in July 2006 and have sought co-development or utilization of their productive facilities. Mitsubishi Materials will issue 0.56 shares for each share of Mitsubishi Shindoh’s common stock while 1.25 shares for each share of Sambo Copper Alloy’s common stock to make both companies wholly owned subsidiaries.Mitsubishi Materials now supplies copper ingot from its Sakai plant to Sambo Copper Alloy’s Sakai plant in Osaka Prefecture, Japan while from Onahama smelter to Mitsubishi Shindoh’s Wakamatsu plant in Fukushima Prefecture, Japan. Mitsubishi Materials aims to organize more efficient, flexible and strategic output system after the integration especially for high-function copper strips. As to the development of new copper alloys, Mitsubishi Materials will integrate its own melting and casting technologies with Mitsubishi Shindoh’s copper alloy strip rolling technology and Sambo Copper Alloy’s precise fabricating technology for brass bars, sheets and strips.