Completing base aggregation for domestic production of extruded copper wire and copper wire rods
- Providing enhanced products and services -
Furukawa Electric (TSE; 5801, JP3827200001) announce to finish aggregating the production of extruded copper wire and copper wire rods that had been dispersed in two domestic facilities (Chiba Works and Mie Works) to the Mie Works.
Extruded copper wire and copper wire rods are Furukawa Electric’s main raw materials and these are widely used in the core products of the Group, including electric power cables, communications cables, coils, automotive wire harnesses, and the like. Furukawa Electric has begun manufacturing since its inception, and along with increasing domestic and foreign demand for copper wire, the Company launched production at the Chiba Works (Ichihara, Chiba) in April 1971, and at the Mie Works (Kameyama, Mie) in December 1976, establishing a domestic system with two sites.
In recent years, however, further improvement of production efficiency has become an urgent task, as a result of factors including a decrease in exports from the domestic manufacturing bases due to the expansion of the Furukawa Electric Group's foreign manufacturing bases, and sluggish domestic demand for copper wire in Japan.
Furukawa Electric finished aggregating the production of extruded copper wire and copper wire rods at the end of March 2014.
“With this base aggregation, we continue to provide enhanced products and services going forward, in accordance with Business Continuity Management (BCM) reconstruction including relocation of major manufacturing equipment from the Chiba Works, seismic reinforcement of the buildings on the Mie Works site, and the like, under a thorough quality and safety management system.” says Takatoshi Kamimura, general manager of Electric Conductor division, Furukawa Electric.
“The decision taken this time is part of the restructuring promotion activities dealt with in the 2015 Furukawa "G" Plan (the medium-term management plan). Going forward, Furukawa Electric will implement reinforcement of the management system by improving productivity as well as providing enhanced products and services.”
About Furukawa Electric Group
Furukawa Electric (TSE; 5801, JP3827200001) 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 (USD 9.3B) for the fiscal year ended March 31, 2014.