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Mitsubishi materials establishes subsidiary in Shanghai.

Powder metallurgy products and tools company Mitsubishi Materials has established a wholly owned subsidiary in Shanghai, China, for production of sintered parts used for automobile engines and transmissions.

Mitsubishi Materials will install production equipment with the aim of launching

manufacturing operations in January 2005. Production of passenger and commercial vehicles in China reached a combined total of 4.4 million units in 2003, bringing the country to the No. 4 spot in the world production race.

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