New Sales Company for LAN solution in Mexico
- Contribution for communications networks infrastructure -
Furukawa Industrial S.A. Produtos Eletricos (Parana, Brazil, President; Foad Shaikhzadeh, hereinafter, FISA), Furukawa Electric (TSE; 5801, ISIN; JP3827200001) Group, establishes Sales Company in the United Mexican State.
FISA celebrates 40 years in Latin America at this year and has expanded one of the largest providers of complete solutions for networks infrastructure in Brazil. By this decision, Furukawa Electric Group will make a full-scale entry into Telecommunications market in the northern portion of South America and Central America area and moreover expand its presence around of the world.
Mexico is the second largest an economic country only to Brazil in Latin America and step up presence as an important manufacture hub for North America after ratification of NAFTA (North American Free Trade Agreement). In addition, Mexico is expected to expand Telecommunication market under some relaxation of regulations.
FISA establishes new Sales Company for LAN solution in Mexico for the purpose of enhancing activities in Central America area. FISA has operated an optical cable factory in Argentina since 2008 outside of two plants (Curitiba, Parana and Sorocaba, Sao Paulo) in Brazil and will start to operate an optical cable factory in Republic of Colombia from August this year.
“We have always believed in the Brazilian market and have made large investments to provide innovating solutions to assist the Enterprise and Government markets to become even more competitive in the globalized world. FISA's history mingles with the Brazilian telecommunications history. New investment initiatives to Colombia and Mexico contribute to enhance its local presence within a global company strategy.” says Foad Shaikhzadeh, president of FISA and vice president of Furukawa Electric Group.
|Name of company||FURUKAWA ELECTRIC MÉXICO, S. DE R.L. DE C.V.|
|Description of business||Sales of LAN, FTTx solution products, etc.|
|Capital||USD 74 thousands|
|Number of employees||8|
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.