Ice Industries Receives 2005 Master Quality Award From Auto Supplier Yorozu (1)

Companies Finalize Three-Year Agreement; Ice Will Produce More Than 4.6 Million Parts Annually For PK U.S.A.

SYLVANIA, Ohio, Feb. 6, 2006 – Ice Industries today announced it was selected to provide ongoing manufacturing support for automotive supplier PK U.S.A., Inc.

PK U.S.A., based in Shelbyville, Ind., is an automotive supplier that manufactures a variety of vehicle parts for Nissan and Subaru. Under the terms of the new agreement, Ice will continue to provide stamping support for PK U.S.A. for the next three years.

“Ice Industries has proven itself to be a valuable resource as PK U.S.A. continues to strengthen its relationship with a number of U.S. automotive plants,” said Gary Reynolds, Purchasing Manager, PK U.S.A. “We are pleased to continue the relationship with Ice Industries and expect to see continued success for the duration of the program.”

In 2005, Ice provided PK U.S.A. with more than 4.6 million precision-stamped parts, primarily for the Nissan Quest minivan, Nissan Titan truck and Infiniti QX sports
utility vehicle.

“With its recent acquisition of the former Oxford facility in Canton, Mississippi, PK U.S.A. is rapidly expanding its presence in the United States, and Ice Industries is pleased to be a part of that expansion,” said Howard Ice, Chairman and CEO of
Ice Industries.

Ice Industries will conduct the work at its Grenada Stamping and Assembly plant in Grenada, Miss. Grenada Stamping and Assembly is a 258,000 square-foot manufacturing facility with capabilities that include metal stamping, roll forming, manual and robotic welding, buffing and assembly.

About PK U.S.A.

Located in Shelbyville, Ind., PK U.S.A., Inc. occupies a new 317,978 square-foot facility built on a 66-acre site. The plant is the primary supplier of metal body parts, chassis parts and plastic injection parts for automotive companies in the United States as well as other parts of the world. The parent company of PK U.S.A., Inc. is Press Kogyo Co. Ltd., one of Japan's largest independent automotive parts manufacturers, which owns 75% share.  Mitsui & Co., Ltd., Tokyo, and its wholly owned subsidiary, Mitsui & Co. (U.S.A.), Inc., both comprehensive trading and investment enterprises, hold a 25% combined share.

About Ice Industries

Ice Industries is a metal stamping and machining company based in Sylvania, Ohio. The company has three facilities: Acklin Stamping in Toledo; Deerfield Manufacturing in Mason, Ohio and Grenada Stamping & Assembly in Grenada, Miss. The company works with leaders in the automotive, appliance and heat transfer/HVACR industries. For more information, please visit