In May 2007, we entered into a technological tie-up with Auto Metal Company in Thailand and took an equity participation in October 2010.Manufacture and sell stainless steel pipes mainly for the automobile and motorcycle markets in Thailand.

| Company name | Auto Metal Co.,Ltd. |
|---|---|
| Location | 700/650 Moo 1, Amata Nakorn Industrial Estate, T.Panthong A.Panthong Chonburi 20160, Thailand |
| Incorporated | October 2004 |
| President | Mr. Prasarn Akarapongpisak |
| Capital | THB 240 Million |
| Investment ratio | Lohakit Metal Public Company Limited 60% MORY INDUSTRIES INC. 40% |
| Business fields | Manufacture and sales of stainless steel pipe |