Production Record and Plan for Copper Strip Products
Furukawa Electric announced the status of the recovery in production volumes of copper strip products, for which integrated production was restarted in January this year. Furukawa Electric expressed to continue to implement steady operation and aim to become a “manufacturer that meets its responsibilities as a partner”.
Quarterly trends in production volumes for copper strip products
The suspension of integrated production as a result of the snow damage of February 2014 caused production volumes of copper strip products to fall to around 60% of their previous level. However, by implementing the recovery effort in accordance with the plan and utilizing advance samples, production volumes have been successfully increased since January this year. By the end of the first quarter of the current fiscal year, around 85% of the previous production level is expected.
Moving forward, Furukawa Electric will focus on the infrastructure and automotive markets and make full use of their strengths in oxygen-free copper and original copper alloys, and to make every effort to overtake as soon as possible the production volume they had achieved prior to the snow damage.
Automotive related
The stock of other companies’ products accumulated during the suspension of integrated production has been made progress in adjusting, and demand has increased for products such as automotive connectors supplied to Furukawa Electric group company, Furukawa Automotive Systems, Inc.
Electronic components related
There have not been any major changes in demand trends overall, but since last year Furukawa Electric has accepted in new orders for products that utilize the superior “secondary properties” of their original alloys, including “non-magnetic”, “dicing” and “plating” products.
About Furukawa Electric Group
Furukawa Electric (TSE; 5801, ISIN; JP3827200001) Group started business in 1884, when its copper-smelting facility and wire manufacturing factory was established. Since then Furukawa Electric has become pioneers in the latest technologies by addressing diverse technological issues. Furukawa Electric has released products in a number of areas, including telecommunications, electronics, automobiles, and construction, with the three types of materials it works with at their core, namely, optics, plastics, and metals. Many of these products have attained the top global market share, and all of its products have contributed to society in numerous business areas. Furukawa Electric reported consolidated revenues of JPY 931.8 billion (approximately USD 9.3B) for the fiscal year ended March 31, 2014.
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