Press Release

2017

May 31, 2017
MITSUBISHI ALUMINUM CO., LTD.

The Renewal of the Technical Assistance Agreement with Varopakorn Public Co., Ltd.
and Varopakorn's New Fin Coating Line Investment.

Mitsubishi Aluminum Co., Ltd. (President Mr.Akio Hamaji, headquartered in Minato-ku, Tokyo; hereinafter referred to as the "the company") is pleased to announce that it has renewed the "Technical Assistance Agreement" for aluminum air conditioner fin materials (etc.) with Varopakorn Public Co., Ltd.(CEO : Mr.Sanchai Chaixanien, Managing Director : Mr.Sahasee Chitanondh, headquartered in Bangkok, Thailand; hereinafter referred to as "Varopakorn"). President Hamaji was in attendance during the signing ceremony in Bangkok on March 15th, 2017.

The company has been a shareholder of Varopakorn since 1995, and has provided technical assistance in regard to fin materials for air conditioners and automotive heat exchangers. Continuing to supply Japanese customers located in Thailand, ASEAN, Oceania, India and China, the company is expecting an increase in demand, and looking to strengthen technical assistance in order to increase its share in the Asia Pacific area.

Additionally, Varopakorn has decided to increase production capacity for fin materials by investing in a new fin coating line set to begin this year.

Along with Varopakorn increasing market share in Thailand and improving its ability to supply surrounding countries, Mitsubishi Aluminum is also working to improve its supply chain overseas.

<Signing Ceremony>

Signing Ceremony

Signing Ceremony

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