Topics

On June 19, along with a business delegation of local government officers from Licheng district of Jinan city in China, we held the China-Japan environmental forum on the Sumida river with support from the Chinese Embassy in Japan and the Japan-China Economic Association.
This was the second visit of the local business delegation of Licheng district.
The relationship between Licheng district in Jinan city and Tokyo Boeki Ltd. was established when Jinan Ludong Refractory Co., Ltd. was founded in 1995 followed by the investment of JFE Refractories Corporation in Jinan Ludong Refractory Co., Ltd. in 2003, which strengthened the relation with JFE group. In the forum we concluded a framework agreement with Licheng district that ensured both parties would commit to business expansion. Tokyo Boeki will further promote Chinese businesses in the future.

The 50th anniversary of the Japan-Australia Commerce Agreement ceremony was sponsored by the Australian Embassy in Roppongi International House of Japan on May 21. Tokyo Boeki Ltd was presented with a commemorative gift during the ceremony to mark the occasion.
This Presentation is for the companies which provide distinguished services to promote Japan-Australia trade and we believe that our long-term business with Australia is highly valued. Tokyo Boeki has been involved in several major trade deals between Australia and Japan commencing with the first large-scale steel trades back in 1959.
Tokyo Boeki Steel & Materials, have built upon the success of Tokyo Boeki Ltd and is now aiming to expand its business not only in China, in which we have developed nine joint venture companies, but also Australian by strengthening its connection with Tokyo Boeki (Australia) Pty Ltd (Est. 1971).

The Building Material Division of Tokyo Boeki Steel & Materials exhibited at the Private Garden Exhibition 2007 held at Pacifico Yokohama in Yokohama City on Friday 11th and Saturday 12th May.
Part of the success enjoyed was due to the weather with the exhibition ending successfully. The following products were exhibited and are under consideration for their potential commercial application.
One of our partners in China, involved in the production of these products, visited Japan during the exhibition period. Tokyo Boeki Steel & Materials were able to strengthen their friendship and build upon the relationship by discussing the potential for these products in the future.
The exhibition was very significant in that we were able to demonstrate the wide range of commodities and products we are involved in.
The Building Material Division is striving for commercialization of the following products in the coming future.

ⅰ. Boral bricks (new colors)
ⅱ. Ceramic tile manufactured in China
ⅲ. Cement tile manufactured in South Korea
ⅳ. Stone Materials from China
ⅴ. Brick louver manufactured in China
ⅵ. GRC decorative plant pot

Guangxi Xiangzhou Jidong Manganese Industry Co., Ltd., founded as a joint venture company between Jixinang Manganese Industry Co., Ltd. and Tokyo Boeki Steel & Materials, held an opening ceremony for the new company on April, 18th 2007.
Representatives of Japanese business customer of Tokyo Boeki Steel & Materials, President Mr. Someya and Director Mr. Ando of Chuo Denki Kogyo Co., Ltd. attended the ceremony which also included a special representative guest, Mr. Sasaki of the Shanghai Office of Sumitomo Metal Industries Ltd.
In addition to these Japanese guests, several Chinese guests including the Mayor of Xiangzhou prefecture were also invited to the ceremony. With 80 guests in attendance, the ceremony was held on a grand scale with speeches given by Mr. Long Xiu Mayor of Xiangzhou prefecture and President Mr. Someya of Chuo Denki Kogyo Co.

【Factory information】
Location: Guangxi Zhuangzu zizhiqu Laibin Xiangzhou
Capital: 18,200,000 Chinese yuan
Employees: approx 400
Grand-floor-area: about 140,000 ㎡
Building-area: about 32,000㎡
Production Capacity: 10,000MT pa

Tokyo Boeki Steel & Materials established a new office in Kashima City within Ibaraki Prefecture in April.
As a result, the company now has seven domestic offices (Keihin, Osaka, Wakayama, Kurashiki, Fukuyama, Kita-Kyushu, and Kashima).
Tokyo Boeki Steel & Materials Head Office, in association with overseas subsidiaries, and its domestic offices will aim to co-operate more closely and work towards developing business opportunities within the domestic market as well as overseas.

Tokyo Boeki (Beijing) displayed its cement artificial bricks and building stones to China International Building Decoration & Building Materials Exhibition 2007 on March 10 through 13.
These products are mainly for internal, external, and flooring within buildings.
The bricks were given a good evaluation based upon their quality and also price.
In fact, Tokyo Boeki (Beijing) received several applications for agency arrangements in Beijing. The exhibition generated a good response; with Tokyo Boeki (Beijing) now considering displaying its products at another exhibition this coming autumn.

<Report from the staff in Material division>
Hot Hotter Hottest!
India, the world's largest democratic country with 1,618 languages, 6,400 castes, 6 religions and a population of over 1 Billion people. There are a mismatch of circumstances in principal cities like New Delhi such as the construction of fiber-optic cables and cattle on the road, side by side.
Since declaring an open door policy for economic development in 1991, the Indian economy has grown rapidly, especially the IT business and automobile industry.
Whereas the automobile industry has contributed significantly to the development of the large labor of India, on the contrary, the IT business has not contributed the same demands on India's human resources.
This is why there are significant expectations of growth within the steel industry.
Recently the large local steel producers reported expansion plans to meet the anticipated demand. There is the expectation that the steel industry will sustain the demand for employment by the youth of India and utilize the abundant raw materials that exist, efficiently.
At Tokyo Boeki Steel & Materials, we intend to join in this development of the Indian steel industry with our current business projects in India.

<Report from President Tanaka>
I had the pleasant experience of visiting India during the 1980's. That was due to the founding president Matsumiya's conviction and foresight of the advancement of Indian economy.
After 27 years, this business visit to India was planned by me as president.
We met senior executives of two large steel corporations in India.
Tokyo Boeki Steel & Materials will aim to develop the markets in India.
Here are three main points to notice from this visit to India.

1. It will take at least 10 years for India to improve its infrastructure to become competitive with China. Until then the Market will remain dominated by China.
2. The growth of population will discourage India in moving towards Industrial mechanization, as a result of the cheap labor. In addition there would be an increasing gap in the share of wealth within the population causing tension.
3. To succeed in India, it is vitally important to develop sound partnerships with reliable business groups.

At Tokyo Boeki Steel & Materials, we appreciate the legacy of these business projects inherited from our senior members.
We have been given the mission of "transforming from a trading company to a global business corporation".
In realizing this mission, we are moving forward with nine joint venture companies in China.
In addition, we will continue to develop markets in Australia, India, and Vietnam.
I made the first visit to India as President of Tokyo Boeki Steel & Materials, last year.
On this visit, we initiated our first footsteps in India to establish two joint venture companies.
We will develop our business with the keywords "speedy" and "active" in 2007.
We here at Tokyo Boeki Steel & Materials, wish you all good health and well-being for the coming year. pagetop