SHO-BOND & MIT Invests in U.S. Infrastructure Repair Company
Aug. 2, 2023
SHO-BOND & MIT Infrastructure Maintenance Corporation (“SB&M”, SHO-BOND Holdings,Ltd.: 51%, Mitsui & Co., Ltd.: 49%) has reached an agreement to invest in StructuralTechnologies, LLC (“ST,” Head Office: Maryland, U.S.A.), an infrastructure repair company
which provides proprietary products, engineering support and contracting services.
ST is a subsidiary of Structural Group, Inc. (“SGI”, Head Office: Maryland, U.S.A.) which wasfounded in 1976 and is one of the largest civil infrastructure repair companies in the U.S.
ST delivers value-added solutions to owners, engineers and contractors by developing andintegrating unique products and engineering support with repair and construction services.
ST is the exclusive supplier of VSL1 post-tensioning and stay cable products in the U.S., andhas an ongoing growth initiative in the transportation sector which supports its emerging
partnership with SB&M.
As exemplified by the enactment of the Infrastructure Investment and Job Act, deteriorationof infrastructure is becoming a serious social issue in the U.S. Demand to prolong the lifeof and strengthen the structural capacity of aging infrastructure, such as bridges, is expected
to continue to grow especially in the age of decarbonation and circular economy.

Inparticular, regarding bridges, it is estimated by the American Road & Transportation Builders
Association that 36% of all U.S. bridges – nearly 224,000 bridges – require repair work orreplacement and addressing this would cost $260 billion.
“ We aim to solve the social issue of U.S. infrastructure deterioration and contribute torealization of circular economy and decarbonized society. As an alternative to theconventional scrap-and-build approach, we endeavor to redefine a way of using infrastructure
by repairing and strengthening with leading industry partners from the U.S. and Japan,” said
Koichi Fujita, COO of Mitsui's Iron & Steel Products Business Unit.
Tatsuya Kishimoto, President of SHO-BOND Holdings said, "after years of intense exchangeof technical information with SGI and ST and mutual visits to each company and jobsites, wehave come to recognize each other's capabilities and found a shared commitment to qualityand safety.

This has led to my firm conviction that they are the ideal partners for us to entrust

our expertise.

With their and our leading technological capabilities, combined with Mitsui's

business development expertise, we aim to cultivate a dynamic market in the U.S. together."SB&M will assist ST in driving the continued expansion of ST's products and service offeringsand growth in sales and profitability by leveraging technologies developed through 65 years
of SHO-BOND’s experience and Mitsui’s business development capabilities and networks.
SGI’s founder and CEO, Mr. Peter Emmons, said “we are pleased to have SB&M as part ofthe Structural Group family of companies and look forward to integrating innovativetechnologies into the U.S. infrastructure market and growing together.”
SB&M will contribute to “inheriting and passing on social infrastructure to the next generationin good condition” in the U.S. by bringing solutions not only to respond to already emerging
problems of deterioration but also to prolong the longevity of infrastructure with life cycle costin mind and make infrastructure more resilient against natural disasters.
1VSL International, a Swiss company, is a subsidiary of Bouygues Construction, a French limited

liability company. VSL International is a specialist in the construction and repairs of post-tensioned andcable-stayed structures, foundations and ground engineering.

Company Profile：
Official name

Structural Group, Inc.

Head Office Location

Maryland, U.S.A.

Established1976

Representative

Peter Emmons

Number of employees

Approx. 3,000

Business Activities

Provision of products, engineering support and contracting services

Websitehttps://www.structuraltechnologies.com/
https://www.structural.net/
https://www.pullman-services.com/

Greenville Bridge: ST delivers cable-stayed bridge construction support

Pictured are (L-R) Koichi Fujita, COO, Iron & Steel Products BU of Mitsui & Co., Ltd., Peter Emmons,
CEO of Structural Group, Inc., and Tatsuya Kishimoto, President of SHO-BOND Holdings, Ltd.