Bangkok--Feb 4--CPR GOMU INDUSTRIAL CPR Gomu lndustrial Plc. ("CPR"), an automobile part manufacturer supplied mostly OEM parts to well-known automakers , officially signed a joint venture agreement with YULCHON Co., Ltd. of Korea ("YULCHON"), a leader in South Korea in manufacturing of pipes and tubes for construction and mechanical parts including components of automobile, to establish a new company named YULCHON Pipe (Thailand) Co.,Ltd. ("YCP"). The purpose of this joint venture is to develop,manufacture, redraw, sell and export the metal tubes for industrial works. YCP will have Bt40mn paid-in capital contributed 51% from CPR and the remaining from YULCHON. This new company located at CPR location in Ayuahya will operate using machines , technology , know-how and information furnished by YULCHON. This joint venture agreement will enable both CPR and YULCHON to mutually achieve their strategic goals. CPR will benefit from lower cost of redrawing metal tubes used in its production process whereas YULCHON will get closer to its target as a global player in its business.About CPR Gomu Industrial PIc. CPR Gomu Industrial Plc is a Thai manufacturer of automobile parts based in Ayudhya province. Its product portfolio includes a wide range of rubber and metal-bonded rubber automobile parts which are supplied to well-known automakers, tier-1 and tier-2 suppliers. CPR has strong relationship with Kinugawa Rubber Co., Ltd. (Japan), a major car rubber parts maker for Nissan Motor Group, and has entered into technology assistant agreements for nearly 10 years. Currently, CPR is in the process of applying for an approval from SEC and SET to offer its shares to public and listed on Market of Alternative Investment (MAI). The company appoints Capital Nomura Securities Plc. as financial advisor and lead underwriter. The company will issue 55 mn new shares at Bt 1 par value, 50 mn shares to public investors and 5 mn shares to company’s directors and employees. The CPR’s IPO roadshow will be held on Feb 14, 2005. Tentatively, the schedule for subscription period is on Mar 2-4, and the first trading date is on Mar 17, 2005.About YULCHON Co.,Ltd. YULCHON Co.,Ltd ., established in 1986, is considered a manufacturer of metal pipe using in automobile component manufacfurer based in South Korea. For almost 20 years, YULCHON has developed and processed pipes and tubes for construction and mechanical parts including components of automobile (such as pointing, annealing, picking, coating, cold drawing, straightening, and cutting). With its advanced technology and continuous improvement in product quality, YULCHON currently has capacity for processing all kinds of pipes from high accuracy sizes to large sizes. YULCHON targets to be the manufacturer of automobile components. By so doing, YULCHON has been heavily investing in modern equipment and plans to expand its facilities in other countries. At present, YULCHON has been exporting its products to USA , Japan, China and Southeast Asia etc. End.