Furuya Metal Co., Ltd. 25 th November, 2014

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1 Furuya Metal Co., Ltd. 25 th November, 2014

2 Furuya Metal is; Focusing on PGM, especially Ir, Ru, Manufacturer of PGM products, Technology driven company, Listed on Tokyo Stock Exchange.

3 Business Summary (as of the end of June 2014, FY2014 ending) Headquarters Main Business Employees Total Asset Annual Sales Operating Income Main Shareholders President Tokyo, Japan Manufacturing of industrial use Platinum Group Metals products and materials. Focus on Ru, Ir, Pt, Pd, Rh, Au and Ag. Refining of spent PGM products / scraps / raw materials. 271 (About 310 incl. temporary staff) JPY 22,230 Mil (USD 212 Mil) JPY 27,367 Mil (USD 261 Mil) JPY 1,248 Mil (USD 12 Mil) 20.29% : Mitsubishi Corporation 19.78% : Tanaka Kikinzoku Kogyo 5.50% : Lonmin Mr. Takahito Furuya 3

4 Locations Seoul, Korea Tokyo, Japan Manchester, USA Chitose Plant Thermocouples Office Plant Tsuchiura Plant Focuses on Refining 6 offices worldwide 3 plants in Japan Tsukuba Plant Fabricates PGM Products Tsukuba R&D center Thin film deposition 4

5 Strong Relationship with South Africa and Stakeholders Furuya Metal Strong Relationship Ms. Sonjica, South Africa s Minister of Minerals and Energy, and former Ambassador Mr. Ngubane, Embassy of South Africa in Japan, visited Tsukuba plant. (October 2007) Mitsubishi Corporation Lonmin Impala Platinum Stable Supply of PGM Tanaka Kikinzoku Kogyo Anglo Platinum Ms. Shabangu, South Africa s Minister of Mineral Resources, and Ambassador Dr. Pheko, Embassy of South Africa in Japan, visited Tsukuba plant. (May 2013) 5

6 Platinum Group Metals We are aiming to be a Top manufacturer of Ir and Ru products 6

7 Business Model Products Sensor Electronics Fabrication High Purity Powder Furuya Metal Chemical Thin Film Spent Products High-grade PGM Recycling Refining Target Crucible Low-grade PGM 使用済み触媒 7 Catalysts

8 Main Product High quality PGM products for electronics, green technology, chemical industries, etc. (1) Electronics Crucible, Melter for glass Ir Crucible Pt (FPO) Crucible Main Application Sapphire growth (LED, SAW device, etc.) Optical glass (2) Thin Film Sputtering Target Ru, Ru alloy, Ir, Ir alloy, Pt, Pd, Rh, Au, Ag alloy (APC) Main Application HDD, Semiconductor Touch panel OLED Thermocouple Main Application Semiconductor production equipment (3) Sensor Chemical Compound Inorganic complex Organic complex Main Application Fuel Cell catalyst Chemical catalyst Electrode (4) Chemical 8

9 PGM Refining Plant and Capability (1) Distillation (2) Condensation Tsuchiura Plant (3) Crystallization (4) Hydrogen Reduction RuCl 3 nh 2 O IrCl 3 nh 2 O Furuya s Advantage (1) High Purity: 99.99%up (*Compound is also 99.99%up) (2) Large Refining Capacity: 29 ton Ru/yr, 5 ton Ir/yr (3) Valence Control: Ru Ⅲ Cl 3 or Ru Ⅳ Cl 4 9

10 Abs. [-] Special Chemical Compound for Fuel Cell Ir(NO 3 ) 3 cis-[pt(nh 3 ) 2 (NO 2 ) 2 ] UV-VIS data of cis-[pt(nh 3 ) 2 (NO 2 ) 2 ] 無エージング No aging Low aging 低エージング 中エージング Mid aging Ru(NO 3 ) Wavelength [nm] Deposit PGM on base material Ru Ru Ru Ru Ru Ru Advantage High-active catalyst High efficiency of deposition 10

11 Powder Sputtering Technology Oil Diffusion Pump Ar Bottle Oil Rolling Pomp Cooling Water Rolling Barrel Motor Target Dispersion Sputtering Powder Advantage (1) Control coating amount by nano level. Metal amount saving. (2) No waste liquid. Environmental friendly process (3) Alloying, multi-layering is easy. Functional powder Pt Sputtering on Carbon Powder Capsule Sputtering Alloy Sputtering 50nm 11

12 Plasma Arc Furnace for Low-grade PGM Scrap Dry Refining Process Spent Ru Catalyst Adsorb Ru by Fe. Concentrate Ru with plasma arc. Plasma Arc Spent Ru catalyst Flux Collector Metal Fe-Ru Slug Plasma Arc Furnace Fe-Ru Alloy Tap 12

13 Thank you very much for your attention. Furuya Metal Co., Ltd. 13

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