SHIZUOKA, Japan, June 26 /PRNewswire/ --

Hideo Ishii has been named president and co-CEO of Asahi Tec Corporation,
the company announced today. He will also become director and representative
executive officer. Ishii assumes these positions after the general
shareholders meeting on June 28.

He will be responsible for the Metal Forming Group and Diversified
Business Group. These businesses represent the operations of Asahi Tec prior
to the acquisition of Metaldyne announced in January of this year. He will
also become co-CEO with Timothy D. Leuliette, who also serves as co-chairman
of the company with Shoichiro Irimajiri.

Irimajiri had been serving as president, co-CEO and representative
executive officer. He will resign those posts to focus on the role of
director and co-chairman of the company.

"Asahi Tec's goal is to create a strong, globally competitive company
that understands and supports global markets, cultures and customers to
deliver leading-edge products worldwide," said Irimajiri. "In his role as
president and co-CEO, Hideo Ishii will play a key role in developing and
executing the initiatives and strategies that will help realize that goal."

Ishii was most recently president and representative director of
Honeywell Japan. He has also served as president and representative director
of Honeywell International Japan and held other high level positions at that
company. He has also held executive positions at Nissan including vice
president, corporate strategy, Nissan Europe and vice president, operations
at Nissan Motor Manufacturing Spain. Ishii has also served as managing
director and member of the board of Vantec Corporation.

"Hideo Ishii is a strong leader and has a wealth of experience in
management and operational excellence," said Leuliette. "I look forward to
working with him to make Asahi Tec a stronger, better capitalized, more
globally capable company."

Ishii is a graduate of the Aero Engineering Department of the University
of Tokyo.

About Asahi Tec

Headquartered in Shizuoka, Japan, Asahi Tec (TSE: 5606) primarily
designs, manufactures and sells ductile iron cast auto parts for truck and
construction machinery OEMs, aluminum casting parts for truck and passenger
car OEMs and aluminum wheels for automobile OEMs. Asahi Tec also designs,
manufactures and sells environmental systems, equipment and development
technologies used by local governments and municipalities and electrical
hardware and equipment used by electricity generators.

Its subsidiary, Metaldyne, is a leading global designer and supplier of
metal-based components, assemblies and modules for transportation related
powertrain and chassis applications including engine, transmission/transfer
case, wheel-end and suspension, axle and driveline, and noise and vibration
control products to the motor vehicle industry. It is headquartered in
Plymouth, Mich.

Asahi Tec has annual revenues of approximately US$2.7 billion and employs
approximately 10,000 employees at 55 facilities in 15 countries. For more
information, please visit www.asahitec.co.jp and www.metaldyne.com.

Web site: http://www.asahitec.co.jp
              http://www.metaldyne.com