Harima Ceramic Co., Ltd. - 5359- Profile

Harima Ceramic Co., Ltd. was established in 1950 as one of the spin-off companies of Nippon Steel Corporation, which holds 45.65% of issued stock as of March 31, 1998. The company is engaged in the manufacture of refractory products and furnace construction. Firebricks and other refractory products accounted for 67% of fiscal 1999 revenues; furnace construction, engineering and refractory related equipment sales, 13%; lime products, fine ceramics and other, 20%. The company has three consolidated subsidiaries in Japan. Sales to Nittetsu Shoji Co., Ltd. and Nippon Steel Corporation accounted for 56.3% and 20.5% of fiscal 1999 unconsolidated revenues respectively.