Metal Art Starts Forged Steel Supply to Ship Components

Metal Art, Japanese major forging maker, starts production of ship components. Metal Forge, a subsidiary of Metal Art, acquired approval of Nippon Marine Association and received an order for forging component for vessel engine in June 2010. The firm plans to acquire overseas marine association’s approvals and build up ship components as no.3 core business in addition to automotive components and construction machine parts.

Over 50 countries’ marine associations have approval system for design, construction or maintenance of vessels. Metal Art aims to acquire the approvals in major countries within this year.

Metal Art’s current sales ratio is 74% for automotive components, 20% for construction machine parts, 3% for agriculture machine parts and 3% for other applications. Automotive component sales have almost recovered to the recent peak level in the first half of 2008. Meanwhile, the firm continues 50% operation for construction machine parts against the peak level. Metal Arts tries to grow new businesses for stable profits.