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a new era has begun the era requiring small but powerful and big but elaborate touches we have prepared this era with passion for perfection beyond the reputation of a global number one cutting tool manufacturer created by endless challenge and innovation at yg1 provide solutions optimized for various needs by building a comprehensive cutting tool lineup to make greater value with customers [Applause] we are committed to leading the way to a better future with new products cutting tool solutions and services that are one step ahead of our customers expectations as they strive for more sophisticated and efficient production for better tomorrow for better world yg1 specialized in producing cutting tools yg1 has the worlds largest production and market share in the round tool field including end mills drills and taps headquartered in korea yg1 is a global company with manufacturing facilities technical centers and sales offices throughout the north and south americas europe africa asia