Production Record for Copper Strip Products (FY2015)
Furukawa Electric Co., Ltd. announced the status of the recovery in production volumes of copper strip products, for which integrated production was restarted in January last 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
Although copper strip product production results fell to around 60% of production prior to the snow damage that occurred in February 2014, production has continued to improve favorably since integrated production was restarted in January 2015. Furukawa Electric was able to reach a monthly production of 2,750 tons during the 4th quarter of the FY2015 (89% of the rate of production prior to the snow damage), and also achieved its yearly production plan for the FY2015.
Although recent demand trends continue to be strict in both the infrastructure and automobile/electronic materials industries, Furukawa Electric plans to offer "customer support/logistics," expand throughout Asia and to other foreign markets, accelerate expansion of pure copper product sales, and during the FY2016 exceed the production levels that were in place prior to the snow damage.
Furukawa Electric will continue to focus its efforts on the infrastructure and automobile industries, and will leverage its strengths in oxygen-free copper and original copper alloys in order to meet the needs of its customers.
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 867.8 billion (approximately USD 8.2B) for the fiscal year ended March 31, 2015.