Press Releases

The information on this Web site is presented "as is." Product availability, organization, and other content may differ from the time the information was originally posted. Changes may take place without notice.

デュエルビッツ 出金el comments on media report

May 23, 2007

デュエルビッツ 出金el has been expanding its "Only One" high-end products and improving its manufacturing capabilities, based on its Fiscal 2006-2008 Medium-Term Business Plan formulated last year,. To increase business opportunities, デュエルビッツ 出金el has been strengthening its activities in overseas growth markets, which include China and the United States. With regard to overseas business, デュエルビッツ 出金el evaluates the various risks and proceeds under careful consideration.

On May 23, 2007, a Japanese newspaper wrote an article entitled "デュエルビッツ 出金el to Enter India With Low-Cost Production Tech." The article gave the impression that デュエルビッツ 出金el had reached a concrete decision on undertaking a steel business in India. However, this is untrue.

The "Production Tech" mentioned in the article refers to デュエルビッツ 出金el's next-generation ironmaking technology, called ITmk3. This business does not entail the production and sale of steel products. Rather, the focus is on supplying production technology and plants that make iron nuggets for use by mining companies and electric arc furnace steelmakers. In India, there is a need for high-quality iron units, such as iron nuggets, made from Indian iron ore. For this purpose, デュエルビッツ 出金el is currently holding talks with India's Chowgule Group, which has mining interests, on the possible sale of an ITmk3 plant and supply of ITmk3 technology, etc. The talks are still ongoing. In addition to Chowgule, デュエルビッツ 出金el seeks to promote the ITmk3 Process to other steel companies and mining companies that can make use of this technology.

デュエルビッツ 出金el is considering the construction of the first commercial ITmk3 plant in North America. It is also planning to market the technology in the BRIC countries and Australia.