June 28, 2002

Construction of New Car Audio Plant in Thailand

FUJITSU TEN LIMITED (head office: Kobe, Hyogo, president: Takamitsu Tsuchimoto, capital: 5,300,000,000 yen) is constructing a new plant in the Rojana Industrial Park located in Rayong, Thailand. Scheduled to be completed in the beginning of July and to commence operation in early August, the new plant aims to bolster FUJITSU TEN's expanding car audio business in the ASEAN region.

Presently, FUJITSU TEN (THAILAND) COMPANY LIMITED (FUJITSU TEN THAILAND), a joint venture manufacturing and sales company in the Bangpoo Industrial Park, Thailand, is producing car audio products for automobile makers in Thailand. The production function of this plant will be transferred to the new plant when completed in order to manufacture products for the ASEAN region and Japan.
Due to the construction of the plant, the capital of FUJITSU TEN THAILAND was increased from 5,000,000 bahts to 200,000,000 bahts as of December 21, 2001.

[Outline of the new plant]
1. Location: Rojana Industrial Park in Rayong, Thailand
(Rayong: a part of the eastern coastal industrial zone located 150 kilometers southeast of Bangkok)
Rojana Industrial Park, 253 Moo 11, Tumbon Nongbua, Amphur Bankai, Rayong 21120, Thailand
2. Land/building: 32,000 squere meters/5,000 squere meters, one-story ferroconcrete building
3. Products: Car audio products (integrated radio/cassette players, integrated radio/CD/MD players, integrated radio/CD/cassette players, etc.)
4. Production scale: 600,000 units in fiscal 2004
5. Number of employees: 400 persons in fiscal 2004
6. Investment: 700,000,000 yen
7. Completion
  /operation commencement:
July/August, 2002

2. Head office location: Bangpoo Industrial Park (suburb of Bangkok)
VAC Building 2nd floor, 330 Moo 4 Bangpoo Industrial Estate Soi6,
Sukhumvit Rd, T. Preaksa, A. Muang, Samutprakarn 10280, Thailand
3. Capital: 200,000,000 bahts (approx. 600,000,000 yen)
* 5,000,000 bahts (approx. 14,000,000 yen) before capital increase
* At exchange rate of 1 baht = 2.88 yen
4. Controlling share: FUJITSU TEN LIMITED (including subsidiaries): 80%
Vuteq Asia Group                  : 20%
5. Production scale: 70,000 units in fiscal 2001
6. Number of employees: 55 persons in fiscal 2001 (as of March 31, 2002)
7. Representative: Noriyuki Yoshida
8. Business line: Manufacture and sales of car audio products, and provision of after-sales service

The contents of a press release are as of the publication. Later, they are apt to be changed without notice. Thank you for understanding in advance.