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    5486   JP3786200000

HITACHI METALS, LTD.

(5486)
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Hitachi Metals : Enters Technical Alliance With Teikuroáin Surface Treatment Business for Dies in the North American Market

01/11/2021 | 11:02pm EDT

Customers in the North American market will now have access to "TribecTM Kagari" surface treatment services at Teikuro Corporation, Teikuro’s U.S. location.

Hitachi Metals, Ltd. (hereinafter “Hitachi Metals”) is pleased to announce that it has entered into a licensing agreement with Teikuro Inc. (hereinafter “Teikuro”) for the technical provision of Hitachi Metals’ high-performance surface treatment TribecTM in order to meet the demand for surface treatment for dies in the North American market.
Surface treatments for coating film on metal surfaces are an effective technology for increasing the strength, durability and sliding performance of dies and automotive engine parts. In recent years, the need for surface treatments to increase the strength and durability of dies has been increasing more than ever to enable support for high-tensile steel sheets.
In its efforts to expand global sales of tool steel in its specialty steels business, Hitachi Metals has strengthened its tool steel solutions sales structure in several ways. These include acquiring U.S. company Diehl Tool Steel, Inc., and making it a consolidated subsidiary; establishing Hitachi Metals (Ningbo) Co., Ltd., in China; enhancing cutting and processing capacity at its plants in Asia; and introducing surface treatment equipment.

Against this backdrop, Hitachi Metals has entered into a licensing agreement with Teikuro for the technical provision of high-function surface treatment TribecTM in order to strengthen its tool steel solutions sales structure in the North American market. Going forward, customers will have access to "TribecTM Kagari" surface treatment services (including film removal) at Teikuro Corporation, Teikuro’s U.S. location in North America.
Specifically, a dedicated coating facility will be installed at Teikuro Corporation’s Springfield Plant in Ohio, United States, and the service will be offered under the name "T-Forte" by Teikuro Corporation. Sales for customers in the United States and Canada are scheduled to begin on March 1, 2021.

Hitachi Metals will continue to expand its customer base and achieve sustainable growth in the global market by strengthening its material technology and product development capabilities, and providing new products, solutions and services that our markets and customers seek.


ę Business Wire 2021
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Financials
Sales 2021 757 B 6 839 M 6 839 M
Net income 2021 -42 356 M -383 M -383 M
Net Debt 2021 135 B 1 218 M 1 218 M
P/E ratio 2021 -21,4x
Yield 2021 0,41%
Capitalization 907 B 8 189 M 8 198 M
EV / Sales 2021 1,38x
EV / Sales 2022 1,17x
Nbr of Employees 28 620
Free-Float 46,3%
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Number of Analysts 4
Last Close Price 2 122,00 JPY
Average target price 1 894,25 JPY
Spread / Average Target -10,7%
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Managers and Directors
NameTitle
Mitsuaki Nishiyama Co-Chairman, CEO & Executive President
Hiroaki Nishioka Chief Financial Officer & Head-Administration
Kenichi Nishiie Co-Chairman
Kazuya Murakami Managing Executive Officer, General Manager-R&D
Ryoichi Aida Chief Quality Officer & Head-Technology
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