Press Release

2013

July 31, 2013
MITSUBISHI ALUMINUM CO., LTD.

Expansion into India of the Extruded Multi-port Tubes Business
for Heat Exchangers
 

MITSUBISHI ALUMINUM CO., LTD., (president: Masatoshi Hanzawa; head office: 3-3, Shiba 2-chome, Minato-ku, Tokyo; hereinafter referred to as the "Company") is pleased to announce the decision to set up a local corporation in the suburbs of Ahmedabad City, Gujarat State, India, for the manufacture and sale of extruded aluminum tubes for heat exchangers (hereinafter "extruded multi-port tubes"). Operations will start in the spring of 2015. The total investment in this project is approximately 1.7 billion yen.

In order to supply products on a global scale, the Company Group established manufacturing and sales bases in the state of Alabama, U.S.A. (THERMALEX, INC.); the suburbs of Bangkok, Thailand (MUANG-MAX (THAILAND) CO., LTD.); and Jiangsu Province, China (MA CHINA EXTRUSION (SUZHOU) CO., LTD.) and has operated under a quadrupole corporate structure, including Japan.

The Company decided to install additional extrusion press machines in the United States and Thailand in the latter half of 2014; in addition, MITSUBISHI ALUMINUM intends to further enhance its competitiveness in this business by setting up new production and sales bases in India, which is expected to grow substantially in the future.

<Outline of the New Company>
Corporate name To be determined
Location Suburbs of Ahmedabad City, Gujarat State, India
Capital amount 800 million rupees (corresponding to 1,520 million yen)
Investment ratio 100% investment by the Company
President To be determined (scheduled to be sent from the Company)
Number of employees Approx. 80
Production capacity Approx. 2,700 tons annually
Sales target Approx. 2,000 million yen (FY 2019)
Facilities to introduce One unit of extrusion press and incidental facilities
Start of operations Spring of 2015
Contents of business Manufacture and sale of extruded aluminum multi-port tubes for heat exchangers

<Extruded multi-port tubes>

Extruded multi-port tubes

<Ahmedabad City, Gujarat State, India>

Ahmedabad City, Gujarat State, India

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