Hideo Ishii Named Asahi Tec President

Shizuoka, Japan (ots/PRNewswire) -

Hideo Ishii has been named president and co-CEO of Asahi Tec
Corporation, the company announced today. He will also become
director and representative executive officer. Ishii assumes these
positions after the general shareholders meeting on June 28.

He will be responsible for the Metal Forming Group and Diversified
Business Group. These businesses represent the operations of Asahi
Tec prior to the acquisition of Metaldyne announced in January of
this year. He will also become co-CEO with Timothy D. Leuliette, who
also serves as co-chairman of the company with Shoichiro Irimajiri.

Irimajiri had been serving as president, co-CEO and representative
executive officer. He will resign those posts to focus on the role of
director and co-chairman of the company.

"Asahi Tec's goal is to create a strong, globally competitive
company that understands and supports global markets, cultures and
customers to deliver leading-edge products worldwide," said
Irimajiri. "In his role as president and co-CEO, Hideo Ishii will
play a key role in developing and executing the initiatives and
strategies that will help realize that goal."

Ishii was most recently president and representative director of
Honeywell Japan. He has also served as president and representative
director of Honeywell International Japan and held other high level
positions at that company. He has also held executive positions at
Nissan including vice president, corporate strategy, Nissan Europe
and vice president, operations at Nissan Motor Manufacturing Spain.
Ishii has also served as managing director and member of the board of
Vantec Corporation.

"Hideo Ishii is a strong leader and has a wealth of experience in
management and operational excellence," said Leuliette. "I look
forward to working with him to make Asahi Tec a stronger, better
capitalized, more globally capable company."

Ishii is a graduate of the Aero Engineering Department of the
University of Tokyo.

About Asahi Tec

Headquartered in Shizuoka, Japan, Asahi Tec (TSE: 5606) primarily
designs, manufactures and sells ductile iron cast auto parts for
truck and construction machinery OEMs, aluminum casting parts for
truck and passenger car OEMs and aluminum wheels for automobile OEMs.
Asahi Tec also designs, manufactures and sells environmental systems,
equipment and development technologies used by local governments and
municipalities and electrical hardware and equipment used by
electricity generators.

Its subsidiary, Metaldyne, is a leading global designer and
supplier of metal-based components, assemblies and modules for
transportation related powertrain and chassis applications including
engine, transmission/transfer case, wheel-end and suspension, axle
and driveline, and noise and vibration control products to the motor
vehicle industry. It is headquartered in Plymouth, Mich.

Asahi Tec has annual revenues of approximately US$2.7 billion and
employs approximately 10,000 employees at 55 facilities in 15
countries. For more information, please visit www.asahitec.co.jp and
www.metaldyne.com.

Web site: http://www.asahitec.co.jp
http://www.metaldyne.com

ots Originaltext: Asahi Tec Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Marge Sorge, +1-734-207-6597, Tammera Hallums, +1-734-207-6713, both
for Asahi Tec, Metaldyne