Mitsubishi-Hitachi Metals Machinery Accepts 130BY Orders in F2007

Mitsubishi-Hitachi Metals Machinery increased the amount of received orders to total 133 billion yen through the business year ended March 2008, almost double from the previous business year. The firm accepted orders such for a hot-rolling mill and a plate mill of Nippon Steel, continuous pickling and cold-rolling mills (PL-TCM) and a continuous annealing line of Guangzhou JFE Steel Sheet Company. The firm expects total order receptions at about 100 billion yen through fiscal 2008 while already gained informal order agreements at around 65 billion yen. The total amount could reach 130 billion yen again through fiscal 2008.Mitsubishi-Hitachi Metals Machinery is the top maker of hot and cold rolling mills. The firm’s order receptions accounted for 85% from overseas users and 15% from domestic users in fiscal 2007 ended March 2008. The firm accepted orders such for a cold-rolling mill of POSCO in Vietnam, a hot rolling mill of Dongbu Steel and PL-TCM of China Steel, and no.3 hot rolling mill of Hyundai Steel in fiscal 2007.In fiscal 2008, the firm already accepted an order for a hot rolling mill of Companhia Siderurgica Paulista, PL-TCM and a cold rolling reverse mill of Shougang Qian’an Iron & Steel and a continuous galvanizing line of Guangzhou JFE Steel Sheet Company. The firm expects to accept the additional orders for cold rolling mills of Chinese makers, hot rolling and cold rolling mills of Indian makers, stainless cold rolling mills of Malaysian steel makers and cold rolling mills of Vietnamese steel makers.