We are delighted to announce that IWATEKASAI CO., LTD., a subsidiary founded in June 2005, started operation, and a ceremony for the completion was held at the plant on Oct. 19, 2006.

Eleven guests for the ceremony included VIPs such as Mr. Takeuchi, Governor of Iwate Prefecture, Mr. Itoh, Mayor of Kitakami city, among others. Thirteen guests were invited from our customers such as Kanto Auto Works, Ltd. and others. Mr. Fujita, Chairman, and Mr. Watanabe, President, were present from Kasai Kogyo.

IWATEKASAI CO., LTD. was established in order to supply automotive interior trims for the increase of production by Iwate Plant of Kanto Auto Works Ltd., a vehicle production company of Toyota Group. Local people are eagerly looking forward to the growth of IWATEKASAI.

We are determined to grow further as a bridge plant between Kasai and Toyota Group for business development and with a spirit of coexistence and co-prosperity.