Mitsubishi Materials sets a long-term aim to expand the consolidated sales of cemented carbide tools to 150 billion yen during next 3 years after present 3-year management plan started April 2007, which represents the secondly largest share in the world cemented carbide tool market. The firm estimates the sales of 100 billion for the cemented carbide tool business yen in fiscal 2007 started April. Mitsubishi Materials' cemented carbide tool sales exceeded 70 billion yen 2 years ago, which equaled to world share of 10 percent at the time.
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