Metalone Shibaura Group Establishes a Plate Smelting Processing Company for Construction Equipment in Brazil

Metalone, Shibaura Holdings and Shibaura Shearing announced on 27th they established a plate smelting processing company for construction equipment in Brazil, “Metalone Shibaura Brazil”. Investment amounts have not been released. Building will be started construction at an early date, and it will start operating at full swing in April 2014 with monthly 1,000 tons of processing capacity.