Hideo Ishii Named Asahi Tec President

Hideo Ishii Named Asahi Tec President

June 26, 2007

    SHIZUOKA, Japan, June 26 /Xinhua-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 $2.7
billion and employs approximately 10,000 employees at 55
facilities in 15 countries. For more information, please
visit http://www.asahitec.co.jp and
http://www.metaldyne.com .



    For more information, please contact:

     Marge Sorge
     Tel: [phone]

     Tammera Hallums
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