HYUNDAI STEEL SIGNS MORGOIL® BEARING CONTRACT
Worcester, Mass., USA, August 30, 2006

Morgan Construction Company has received a significant MORGOIL Bearing order from Hyundai Steel, an operating company in Korea.

The contract is for multiple sets of MORGOIL KL Bearings in bearing assemblies. These MORGOIL Bearings will be spares for the Mitsubishi Hot Strip Mill at Hyundai.

“The Morgoil bearing technology offers Hyundai the combination of excellent long-term performance with cost-effective reliability for their hot strip mill,” said Gabriel F. Royo, Vice President and General Manager of MORGOIL Bearing Division and the Rolling Mill Spares, Installations and Services Division.

Delivery of the first sets of bearings is scheduled for June 2007 and the balance in 2008.

The MORGOIL Bearing Division provides a wide range of oil film bearing solutions for the most demanding applications in the metal rolling industries worldwide. Its parent firm, Morgan Construction Company, is a designer and producer of high-quality rolling mill products and services for the metal industry worldwide.

uction Company, is a designer and producer of high-quality rolling mill products and services for the metal industry worldwide.

Questions or comments can be e-mailed to: sales@morganco.com