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November 16, 2013

The delegates of People’s Government of Licheng District, Jinan City, Shandong Province, P.R. China Visited Japan

On November 15, 2013, the delegates of The People’s Government of Licheng District, Jinan City, Shandong Province, P.R. of China visited the head office of Tokyo Boeki Holdings Ltd. (TBH) and had a meeting with Mr. Machida, Chairman & CEO, TBH and Mr. Tanaka, President & CEO, Tokyo Boeki Steel & Materials Ltd. (TBSM).

TBSM’s joint venture company, “Jinan Ludong Refractory Co., Ltd.” founded in 1995, has a base in Licheng District. With the cooperation from The People’s Government of Licheng District, TBSM has been expanding the business with Jinan Ludong Refractory Co., Ltd.

At the meeting, TBSM introduced a history of Tokyo Boeki Group in China, and we exchanged opinions about new business opportunities between of Jinan Ludong Refractory Co., Ltd. and TBSM. And also, we reaffirmed that all the related parties will cooperate together for further development, and promised everlasting friendly relationship.

November 7, 2013

Capital increase in Jinan Ludong Refractory Co., Ltd.

Tokyo Boeki Steel & Materials Ltd. (TBSM) has increased its shareholding in the joint venture company, Jinan Ludong Refractory Co., Ltd. (Ludong Refractory). Our equity share has increased to 28%, and this transaction has farther strengthened the cooperative relationship between Ludong Refractory and TBSM.

With this capital injection, Ludong Refractory introduced a most advanced “3,600 tons-hydraulic vacuum press”, the first press machine in China. This new press machine will enable Ludong Refractory to increase its production capacity to 6,200-7,200 tons per year, which is about twice as large as that of existing facilities. Moreover, the new machine makes it possible to improve the product quality because it firmly fixes molds by using high hydraulic pressure.

Ludong Refractory and TBSM will further contribute to our customers by providing better goods through our continued efforts for improve product’s quality and our service.

June 27, 2013

The Board Directors Appointment

Official Announcement at the 7th Annual General Meeting (held on 26th of June 2013) 〔　〕means responsible role and area.

Representative Director
Mr. Masayoshi Tanaka 〔President and CEO〕

Director
Mr. Hiroshi Shigezumi
〔Executive General Manager, Materials & Raw Materials Division/
　Managing Director, Tokyo Boeki (Australia) Pty. Ltd.〕

Director
Mr. Fan Hua
〔President of Tokyo Boeki (China) Ltd.〕

Auditor
Mr. Toshihiko Kezuka

April, 2013

Opening of New Branch Office at “Kitakyushu”

In April 2013, Tokyo Boeki Steel & Materials Ltd. opened a new branch office at Kitakyushu.
Now we have 8 branch offices in Japan. New office will enable us to provide quicker and closer service to our existing customers, and to develop new business opportunities in Kyushu-area.

February 14, 2013

Signing of “Strategic Partnership Agreement” with Himadri Chemicals and Industries

Tokyo Boeki Steel & Materials has entered into the Strategic Partnership Agreement with Himadri Chemicals and Industries Ltd. (Himadri)

Himadri produces diverse carbon chemical products such as coal tar pitch, carbon black, and LIB anode material in India and China, and has a large share in India and overseas market.

Under the agreement, Tokyo Boeki Steel and Materials will promote marketing these Himadri’s carbon chemical products, and build up strong partnership with Himadri through successful business expansion in the global market as well as in Japan.

January 15, 2013

New Year Conference of Tokyo Boeki Steel & Materials Group in 2013

On 11 January 2013, we held the Annual New Year Conference of Tokyo Boeki Steel & Materials Group at the Tokyo Headquarters. Our leading members from the Headquarters of the Tokyo Boeki Steel & Materials Ltd., its domestic sales offices, Tokyo Boeki Australia, Tokyo Boeki (China), Tokyo Boeki (Beijing), and the overseas office in Hanoi. General Managers of each unit made presentations on specific measures to carry out the fiscal year 2013 program and to materialize the market expansion and the reforms of business structure based on the Third Mid-term Management Plan.

Through this conference, participants from various departments and overseas bases shared and deepened their understanding on the issues and its counter-measures, and made a firm resolution to promote extension of new markets and business structural reforms with unified efforts by all members of the Tokyo Boeki Steel & Materials Group, regarding the year 2013 as a turning point toward prosperous times.

New-year greetings from the President of Tokyo Boeki Steel & Materials in 2013

Tokyo Boeki Steel & Materials Ltd
President & CEO: Masayoshi Tanaka

In addition, when I spent the beginning of this year in Tokyo, I felt again that Japan is a great country, the safest and the most comfortable place to live in the world. We must keep such a wonderful country, strong Japan to the next generation. We, ourselves, should contribute to Japan. Each employee must break his or her shell, molt and contribute to building a stronger company by reform. I believe this is the way to make everyone’s life richer and happier

Looking back last year, the world economy was in a difficult situation because of the recurrence of the European debt crisis and the slowdown in emerging economies including China. The Japanese economy had been expected to recover due to reconstruction demand, however it experienced further slowdown due to such issues as the appreciation of the yen and the conflict over the Senkaku Islands.

Although the world economy was in prosperous conditions for the five years between 2003 and 2007 thanks to the rapid growth of the Chinese economy, it experienced severe recession between 2008 and 2012 following the Lehman shock. However, at the end of last year, the President Obama was reelected in the United States, and some of the principal nations saw the political change of power including China, South Korea and Japan, and the Abe Administration started. Following the expectations for the economic policies of the new administration, the average stock price in Japan has exceeded 10,000 yen, which is the highest level since the day before the Great East Japan Earthquake. The Bank of Japan will change its policy in the near future. It is also expected that China will spend around one trillion Yuan in order to boost its economy, and we are now seeing sign for brighter economic conditions around us. And the five-year cycle theory suggests that things will turn better after the Chinese New Year 2013.

In the fiscal year 2013, recognizing that we are in the second year of the Mid-term management plan, we will make efforts to improve the earning rate by innovating the existing commercial rights, cultivating new markets, carrying out structural reforms and modifying our business model from agency-oriented to operation-oriented one. We will establish a hub in Indonesia and form a system that will control Asia and Oceania markets in order to differentiate Tokyo Boeki Steel and Materials Ltd, and to concentrate on the expansion of new Asian emerging markets, especially Indonesia, India and Myanmar. I would like to ask you to strengthen the cooperation among departments and overseas bases, to try to differentiate our company and to do your best for developing new markets.

Last of all, I would like to finish my New Year speech by wishing all of you and your family a new year filled with happiness.

*This message was addressed to all officers and employees by President & CEO Masayoshi Tanaka on January 4, 2013