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PRESS RELEASE: No.9
July 12, 2006

Sumitomo Wiring Systems, Ltd.

Establishment of new company for mold business


Sumitomo Wiring Systems, Ltd. (headquarters: Yokkaichi, Mie Prefecture, President: Tadashi Shimokawa) has established a new company to perform all mold businesses for wiring harness components, including design, fabrication, procurement, and maintenance.

At SWS we have been arranging a global production and sales system in the automobile wiring harness business to improve service for users in Japan and overseas, and to strengthen the foundation of our business. There are no less than 110 subsidiaries and affiliates all over the world to date.

Demand for plastic molded components and metal stamped components for wiring harnesses will grow as the global production volume of wiring harnesses continues to increase. More advanced functions, shorter lead time, and lower cost are required for these components to meet the customers' needs. To achieve all of these, it is necessary to fabricate molds for components more effectively using advanced technologies.

Previously SWS was in charge of component design, and SWS and component manufacturing subsidiaries and affiliates were in charge of fabricating or procuring molds. After the establishment of the new company, however, SWS consigns component design to the new company, and they perform all mold production phases, including design, fabrication, procurement, and maintenance of molds used in SWS subsidiaries and affiliates. This makes it possible to fabricate quality molds effectively in a short period. We also aim to strengthen mold related technologies, provide quick response to variations in component demand, and provide other advantages, such as cost reduction.

<Outline of new company>
(1) Company name: SumiDenso Precision Co., Ltd.
(2) Location: 1820 Aza-Nakanoike, Mikkaichi-cho, Suzuka, Mie (within SWS Suzuka Works)
(3) Establishment: July 2006
(4) Commencement of operation: July 2006
(5) Capital: 80 million yen
(6) Investment ratio: 100% by SWS
(7) President: Mr. Kimiyuki Hori (Deputy Senior General Manager, Components Group of SWS)
(8) Employees: 120 (at startup)
(9) Business purpose: Design, fabrication, procurement, and maintenance of plastic molding molds and metal stamping dies
(10) Sales planned: 6 billion yen in fiscal 2007, 7.5 million yen in fiscal 2008



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