Toyo Engineering Corporation

Asian Activities Report for January 12, 2012 includes: China's liquor maker Wuliangye (SHE:000858) says that the Group has topped the Chinese liquor industry by achieving a total revenue of RMB 20.2 billion in 2011; Logitech International (NASDAQ:LOGI) has unveiled Logitech HD Pro 920, the Company's first video webcam that makes video calls at full HD resolution; Toyo Engineering Corporation (TYO:6330) has won a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system to be used in oilfield exploitation in Brazil; NEC Corporation (TYO:6701) has announced the successful experimental demonstration of 1.15-Tb/s ultra-long haul optical transmission over 10,000 kilometers using optical superchannel technology.

The Australian shares opened slightly higher today while bargain hunting Friday helped Wall Street snap the losing streak. Today both the S&P/ASX200 index and All Ordinaries index gained more than 0.8 per cent shortly after the market opened.

Japan's Toyo Engineering Corp. (TYO:6330) and Hitachi Ltd. (TYO:6501) will join forces to make an entry into the global market for liquefied natural gas plants, targeting small, undeveloped gas fields mainly in Australia and Indonesia.