ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that ITOCHU MACHINE-TECHNOS CORPORATION (headquartered in Chiyoda-ku, Tokyo; President and CEO: Yoshiaki Hoshino; hereinafter “ITOCHU MACHINE-TECHNOS”) will merge with ITOCHU FOODEC CORPORATION (headquartered in Osaka-shi, Osaka; President: Yoshiyuki Hayashi; hereinafter “ITOCHU FOODEC”) as of April 1, 2011. The resulting company will retain the name ITOCHU MACHINE-TECHNOS, and the organization and business activities that have been carried out by ITOCHU FOODEC until now will continue as the “Foodec Business Division”.

ITOCHU FOODEC has developed its business as an engineering company mainly directed at the food product and pharmaceutical industries, both in Japan and in the Asian region, focusing on China in particular. ITOCHU MACHINE-TECHNOS has been engaged in selling machinery (imported mainly from Europe and North America) for the food industry in Japan and in third countries, as part of the wide range of industrial machinery that it handles. This merger will bring together the management resources of both companies and will substantially improve their technical support capabilities and engineering functions, thereby allowing the new company to respond to the needs of client companies by providing everything from the sale of plants and facilities through to engineering and maintenance services for all types of industrial machinery, not just machinery for the food product and pharmaceutical industries.

The new ITOCHU MACHINE-TECHNOS will take advantage of the experience that it has cultivated over the years as it aims to become a “total solution provider in the manufacturing industry”, providing customer-oriented services and contributing to further growth as a core company of the ITOCHU Group.

Profile of the new company

Company name	ITOCHU MACHINE-TECHNOS
Representative	Yoshiaki Hoshino
Headquarters	Chiyoda-ku, Tokyo
Merger date	April 1, 2011
Capital	300 million yen
Employees	280
Revenue	37 billion yen (projection for 2011)
Business overview	Importing, exporting and domestically selling energy-saving and other environmental-friendly devices, as well as industrial machinery in various sectors such as metals, food products, paper pulp, building materials, plastics, new materials, and electronics; as well as engineering, fitting and maintenance work for plants and other facilities.
Website	http://www.itcmt.co.jp/

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