On January 7, 2015, Mitsubishi-Hitachi Metals Machinery, Inc. (MHMM) and Siemens VAI
Metals Technologies GmbH (hereafter referred to as Siemens VAI) joined forces to form a new,
global enterprise named "Primetals Technologies Limited" (hereafter referred to as Primetals
Technologies) was launched. With the incorporated technology heritage from each of the former
companies, the new company creates the best value across the value chain as a strong and
experienced partner of its customers.