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Claire Kuo Named Chairman and Chief Executive Officer of Shieh Yih Machinery

June 30, 2009

KUEISAN HSIANG, Taiwan, June 30 /PRNewswire-Asia/ — Shieh Yih Machinery
Industrial Co., LTD., (SEYI; Taipei Stock Exchange: 4533), one of the world’s
leading producers of mechanical presses, today announced that Ms. Claire Kuo has been elected Chairman of the company’s Board of Directors and named as its
Chief Executive Officer, effective July 1, 2009. In this role, Ms. Kuo will
be responsible for the strategic development and daily global operations of
SEYI.

(Logo: http://www.prnasia.com/sa/2009/06/30/200906301225.jpg )

Mr. S. H. Kuo, Founder of SEYI, has decided to retire after nearly a
half-century building SEYI into one of the largest mechanical press companies
in the world. Mr. Kuo will assume the Chairman Emeritus role, smoothing the
management transition and assuring continuity for SEYI’s clients, as well as
the seamless integration of the company’s second factory in Kunshan, just
outside Shanghai, China. SEYI’s new facility, which is scheduled to begin
production in 2010, has been designed to build larger, higher-margin presses
targeted at China’s rapidly growing automotive industry.

Mr. Kuo stated, “I leave SEYI on a high note, with sales in China
beginning to recover, and a second manufacturing plant coming on-line to feed
our growing business in the country. SEYI is poised for a sharp recovery in
sales and earnings in 2010. Hard work by our management and engineering design
teams, and strong growth in China has made the last five years the most
successful in SEYI’s history. We expect our performance over the next five
years to be even greater.”

Mr. Kuo added, “With strong momentum on our side, now is the time for us
to act decisively to prepare for SEYI’s next phase of development. That is
why I have decided to retire and enable proven managers who have the skill-
sets and age to lead SEYI’s development over the next half century. I am
extremely pleased with Claire’s appointment. Her expertise in the area of
finance and operations, as well as her demonstrated ability and experience in
market-development and forming strategic alliances will greatly benefit the
company as it moves forward.”

Ms. Kuo said, “I am very excited to be named Chairman and CEO of SEYI.
The company’s growth will entail further capital raising activities to fund
the expansion of our existing operations as-well-as new initiatives to enlarge
our business platform in China. I will emphasize “global best-in-class”
quality in all SEYI products, improving customer service and providing
customers with better value than our competitors, and I will focus on
maximizing shareholder value. “

Prior to joining SEYI headquarters in Taiwan, Claire was President and CEO
of SEYI America and SEYI Presses, based in California and Tennessee, USA,
respectively. Both are wholly-owned subsidiaries of SEYI and serve as sales-
and-service centers for SEYI’s product lines in North and South America.

Claire began her professional career with Cosa Liebermann, a Swiss company,
serving in an accounting role and then went on to complete her MBA at Pace
University in New York City
. In 1994, Claire joined SEYI and assumed a key
position in developing the growing Asian and Indian markets for the company’s
products. As President and CEO of SEYI America, Claire developed sales-and-
service in the Americas and focused on marketing new product lines for the
United States
auto- market. In that role, Claire managed a trans-national
executive group and staff to grow the business and oversee the installation of
well over 1500 presses, enabling SEYI to become one of the top mechanical
press providers to the American market. Under her leadership, SEYI’s sales in
the Americas increased by almost 90% in 2008.

About SEYI

SEYI was founded in 1962 and has established a position of global
leadership in the press building industry. The company is traded on the
Taiwanese OTC (4533 TT). SEYI manufactures mechanical presses from 22 to 2400
tons in facilities located in both Taiwan and China and the total production
volume approaches 4000 presses a year. The products have been sold to over 40
countries around the world, and the company is the dominant foreign supplier
to China, India, and the Americas in terms of volume. SEYI is the recipient
of numerous quality awards from around the world.

    For more information, please contact:

     Fathi El-Farghali
     Director of Business Development
     SEYI (Shieh Yih Machinery Industrial Co., LTD)
     203 Lemon Creek
     Walnut, California 91789 USA
     Office: +1-909-839-1151 x207 (USA)
     Mobile: +1-626-675-9591 (USA)
     Email:  Fathi@seyiamerica.com
     Web:    http://www.seyi.com

SOURCE Shieh Yih Machinery Industrial Co., LTD


Source: newswire



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