March 7, 2005 No.1050

MHI Receives Order for Ladle and Scrap Charging Cranes From Feng Hsin Iron & Steel of Taiwan

Tokyo, March 7, 2005 - Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for a ladle crane and a scrap charging crane from Feng Hsin Iron & Steel Co., Ltd. of Taiwan. The steelmaker is currently expanding its electric arc furnace (EAF) installations, and the two newly ordered overhead traveling cranes are to form key components of a new production line. Both cranes are slated for delivery in March 2006.

Ladle crane (same type)     With EAF type installations, iron is fabricated by melting raw materials such as iron scrap and pig iron in the furnace. During the steelmaking process, a scrap charging crane is used to transfer iron scrap to the EAF; a ladle crane is used to carry ladles that contain molten iron poured from the EAF. The ladle crane on order has a 200-ton hoisting capacity (main hoist) with a 70-ton auxiliary hoist and a span of 25.5 meters. The scrap charging crane features a 130-ton hoisting capacity (main) with a 50-ton auxiliary hoist and 26.0 meter span. Both cranes adopt a mandrel axle that passes through the center of a drum hoist hooked to a wire rope. They are also equipped with emergency drum brakes to ensure full operational safety. Feng Hsin Iron & Steel is ranked among the Taiwan's top EAF makers and a leader among iron and steel producers. In reflection of robust expansion in demand for iron and steel throughout Asia, in recent years the company has been recording growth in both sales and profits exceeding 20% per annum. The new EAF is being added to respond to this booming market. The latest order manifests Feng Hsin's high evaluation of MHI as a global leader in cranes for steel mills, including its abundant record, technological expertise, product quality and services. Those collective attributes are well demonstrated by the high capacity operating rates of the cranes previously supplied by MHI to China Steel Corporation, Taiwan's largest iron and steel producer. On the strength of the new order, MHI will further strengthen its marketing activities for cranes for iron and steel mills in countries and regions where EAFs are fully operational, including China, Taiwan and Korea, in addition to Japan. # # # About Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,373 billion yen in fiscal 2003 (year ended March 31, 2004). 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://www.mhi.co.jp). PRESS CONTACT: Hideo Ikuno: h.ikuno@daiya-pr.co.jp Tel: +813-6716-5277, Fax: +813-6716-5929 Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.)

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