Gear-Hobbing Machine enables oil-less cutting.

Press Release Summary:

Model GE15A super-dry gear-hobbing machine processes workpieces up to 150 mm in diameter without cutting oil. It enables high-speed gear cutting by combination of company's Super Dry II Hob with optional maximum hob speed of 3000 min and maximum table speed of 500 min. Applications include motorcycle transmission parts.

Original Press Release:

MHI To Demonstrate Super-Dry Gear-Hobbing Machine at Machine Tool Exhibition in India

Tokyo, January 22, 2004 - Mitsubishi Heavy Industries, Ltd. (MHI) will exhibit and demonstrate a super-dry gear-hobbing machine at IMTEX 2004, an international machine tool exhibition to be held from January 28 to February 3 in Mumbai, India's largest commercial city. At a time when demand for motorcycles is sharply increasing in India, MHI's main objective in participating in the exhibition is to add momentum to marketing of its super-dry gear-hobbing machines for use in manufacturing motorcycle transmission parts. This will mark the first time MHI has ever taken part in IMTEX, and the occasion is expected to accelerate efforts to develop its machine-tool market in India.

MHI is a leading manufacturer of machine tools and is enjoying approximately 50% share of gear cutting machine market in Japan, being highly evaluated its product by domestic users.

The unit to be exhibited at IMTEX 2004 is MHI's GE15A, a super-dry gear-hobbing machine that enables processing without use of cutting oil. The GEI5A can accommodate workpieces up to 150mm (millimeters) in diameter. With thorough coolant system against heat, the GE15A enables high-speed gear cutting with superior precision and stable quality, by combination of the "Mitsubishi Super Dry II Hob" and optional features of maximum hob speed of 3,000 min-1 and maximum table speed of 500 min-1. At the exhibition, MHI will demonstrate the machine's
outstanding performance and easy-to-maintain features, as well as measure to metal dust form cutting.

Motorcycle production in India, including three-wheelers, has been increasing dramatically in recent years: from 4 million units in 2000 to 4.5 million in 2001, and 5.4 million in 2002. In collaboration with Voltas, a local sales agent handling gear-shaper machines, going forward MHI intends to conduct vigorous marketing of its gear-cutting machines both to India's motorcycle producers and to local automakers.

Currently locally financed manufacturers, including joint ventures with Japanese companies, are dominant in India's motorcycle market, but Japanese companies are also moving toward
establishing wholly-owned subsidiaries in the country. The consensus is strong that motorcycle production in India is destined to keep growing in the coming years.

With more than one billion population and rapidly growing economy, India is expected to become the world's second-largest market after China. MHI's participation at IMTEX 2004 aims to give the company a foothold into this huge latent market.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world's leading global heavy machinery manufacturers, with consolidated sales of 2,593 billion yen (US$21.6 billion) in fiscal 2002 (year ended March 31, 2003). MHI's diverse lineup of products and services encompasses shipbuilding, steel structures, power plants, chemical plants, steel plants, environmental equipment, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.

For more information, please visit the MHI website (http://mhi.cojp).

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