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Signing Ceremony for the memorandum of understanding on the framework establishing the Joint Venture Business held between the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China and Tokyo Boeki Ltd.

On 3rd December 2009, the delegates of the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China visited Tokyo Boeki Ltd. and the group companies and had a meeting with Mr. Machida, Chairman & CEO, Tokyo Boeki Ltd. and Mr. Tanaka, President & CEO, Tokyo Boeki Steel & Materials Ltd.(=TBSM).

Licheng District, Jinan City, Shandong Province, P. R. China is the foothold of TBSM’s Joint Venture Company, “Jinan Ludong Refractory CO., Ltd.” which was founded in 1995.

Thanks to good cooperation from the local government of Licheng District, Jinan City extended to TBSM’s joint venture, TBSM have been enjoying expanding the business with Jinan Ludong Refractory CO., Ltd. and also establishing a good and friendly relationship with the executives of the local government of Licheng District, Jinan City.

For strengthening the partnership, both the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China and Tokyo Boeki Ltd. and the group companies agreed and singed the memorandum of understanding on the framework establishing the joint venture business where both parties vowed further mutual development by utilizing their superior positions in the local development premises in Licheng District, Jinan City.

Mr. U, the Head of the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China and Mr. Machida, Chairman & CEO, Tokyo Boeki Ltd. who represented all the group companies attended the signing ceremony and executed signatures.