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News Release

FY2013

February 18, 2014

JX Nippon Mining & Metals Corporation

JX Metals Trading Co., Ltd.

JX Metals Trading Expands Business in Thailand

JX Metals Trading Co., Ltd. (“JX Metals Trading”; head office: Tsukiji 1-chome, Chuo-ku, Tokyo; president: Kazuhiko Hosoya), a wholly owned subsidiary of JX Nippon Mining & Metals Corporation (head office: Otemachi 2-chome, Chiyoda-ku, Tokyo; president: Yoshimasa Adachi), has taken over the Thai business of DOHO Corporation (“DOHO”) as described below, for the purpose of expanding sales of precision rolled products and other electronic materials in Thailand, and has created a new organizational structures that has already begun sales.

1. Overview of the New Organizational Structure

  • (1) Establishment of a trading company
  • A new company, Materials Service Complex (Thailand) Co., Ltd. (“MSCT”), was set up to take over the sales of precision rolled products and other electronic materials previously handled by DOHO Asia Trading (Thailand) Co., Ltd., and began sales in February of this year.
  • (2) Transfer of operations from coil center company
  • All shares of DOHO Metal (Thailand) Co., Ltd., a coil center established by DOHO in Thailand (equity ratio: DOHO 85%, JX Metals Trading 15%), were transferred to MSCT, with the resulting entity becoming a wholly owned subsidiary of MSCT having as its new trade name Materials Service Complex Coil Center (Thailand) Co., Ltd. from this February.

2. Coming Developments

As electrical, electronics, and automotive manufacturing companies continue to set up operations in Thailand, their local procurement rate of materials and parts is likely to grow, raising expectations of increased demand for precision rolled products and other electronic materials. The transfer of DOHO business described above will enable JX Metals Trading to become fully engaged in the Thai market and to build up the capacity for stable supply of high-quality precision rolled products and other electronic materials.

For further information:
Public Relations & CSR Department, JX Nippon Mining & Metals Corporation
TEL: +81-3-5299-7081
Planning and Coordination Department, JX Metals Trading Co., Ltd.
TEL: +81-3-6278-5700