Increasing Customer Satisfaction is and will always be our key issue. The Automobile Steel Products Division has established a robust Supply Chain Management System (SCM) based on our customer’s requirement. In order to maintain such SCM system, it is important to establish and maintain mutual trust and confidence between our suppliers and also with our customers. We will continue enhancing our quality and volume of service by gaining trust from our suppliers and customers.
In addition to our current business (Trade and Processing), we are expanding our business domains. For example, we're setting up JV to produce truck frames in Indonesia, launching a joint venture in China with major Japanese and US steelmakers for precision rolling of specialty steel, and building a forged products business with Japanese specialty steelmaker in Mexico.
To respond to the expanding business interests of our overseas customers, we have established the same SCM system in overseas countries. At the same time, we also have increased and improved our processing capacity to meet with high quality demands of our customers. Moreover, we are actively setting up joint ventures and/or partnerships with local suppliers to fulfill the needs of our customers’ localization.
MIZ Metal Product Wuhan Co. Ltd. (W-MIZ) was established in October 2018 in the Wuhan region of China as an aluminum and steel product fabrication center producing parts for automotive use. MISI holds a 66.6 percent equity share in the new company, which will supply optimal hybrids of automotive steel plates and sheets and aluminum sheets. The MISI Group’s goal is to utilize its more than ten years of experience in processing automotive-use aluminum sheets and inner panel aluminum parts to flexibly respond to the needs and expectations of local market customers. The current timetable is to complete the installation of processing equipment by the end of 2019, with overall plant operations to commence from February 2020.