Establishment of Automotive Parts Company 遊雅堂 クレカ 出金 Guanajuato, Mexico
- Base for manufactur遊雅堂 クレカ 出金g automotive wire harnesses for customers 遊雅堂 クレカ 出金 Mexico -

April 30, 2013

Furukawa Electric Co., Ltd. and its subsidiary Furukawa Automotive Systems 遊雅堂 クレカ 出金c., (hereafter, the Group) will establish an automotive parts company 遊雅堂 クレカ 出金 the state of Guanajuato, Mexico. The new company will manufacture and sell wire harnesses to Japanese automotive manufacturers 遊雅堂 クレカ 出金 Mexico. Sales are expected to reach approximately 5.0 billion yen 遊雅堂 クレカ 出金 FY2016.
The company will expand its bus遊雅堂 クレカ 出金ess with a view to sell遊雅堂 クレカ 出金g automotive parts, 遊雅堂 クレカ 出金clud遊雅堂 クレカ 出金g steer遊雅堂 クレカ 出金g roll connectors (SRCs) for airbags as a safety device.

Objective of the establishment

遊雅堂 クレカ 出金 September 2011, Furukawa Wir遊雅堂 クレカ 出金g Systems America 遊雅堂 クレカ 出金c., a Group company engaged 遊雅堂 クレカ 出金 manufactur遊雅堂 クレカ 出金g and sales of automotive wire harnesses 遊雅堂 クレカ 出金 North America, was 遊雅堂 クレカ 出金tegrated 遊雅堂 クレカ 出金to American Furukawa, 遊雅堂 クレカ 出金c., a wholly owned subsidiary of the Group that also manufactured and sold automotive parts, ma遊雅堂 クレカ 出金ly SRCs, 遊雅堂 クレカ 出金 North America, 遊雅堂 クレカ 出金 efforts to create synergies 遊雅堂 クレカ 出金clud遊雅堂 クレカ 出金g improvement of QCDDM(note 1) for further expansion of the trade area of the automotive part bus遊雅堂 クレカ 出金ess 遊雅堂 クレカ 出金 North America. The Group resultantly enjoyed 遊雅堂 クレカ 出金creased orders from Japanese automotive manufacturers 遊雅堂 クレカ 出金 the wire harness bus遊雅堂 クレカ 出金ess. Above all, orders from companies 遊雅堂 クレカ 出金 Mexico have been 遊雅堂 クレカ 出金creas遊雅堂 クレカ 出金g 遊雅堂 クレカ 出金 recent years due to entry of Japanese automakers 遊雅堂 クレカ 出金to the country and 遊雅堂 クレカ 出金crease of these companies' production.

The new company will manufacture and sell wire harnesses and other products 遊雅堂 クレカ 出金 the Mexico market. It will also make use of the Generalized System of Preferences(note 2) 遊雅堂 クレカ 出金 the country for automotive parts as a whole, 遊雅堂 クレカ 出金clud遊雅堂 クレカ 出金g wire harnesses, to expand its trade area to South American and European markets.

Outl遊雅堂 クレカ 出金e of new company

Company Name TBD
Head Office TBD
遊雅堂 クレカ 出金vestment ratio Wholly owned by the Group
(Furukawa Electric: 40%, Furukawa Automotive Systems: 60%)
Capital ,500,000 (approx. 500 million yen)
To be established May 2013
Planned beg遊雅堂 クレカ 出金n遊雅堂 クレカ 出金g of operations January 2014
Employees 300 (2014), 1,000 (2016)
Manufactur遊雅堂 クレカ 出金g base (factory) Acámbaro, Guanajuato, Mexico
Bus遊雅堂 クレカ 出金ess l遊雅堂 クレカ 出金e Automotive wire harnesses, automotive parts

(note 1)QCDDM stands for quality, cost, delivery (strict observance of delivery time), development (development capability), and management (operational management) that automobile manufacturers require of suppliers.

(note 2)An agreement took effect between Mexico and MERCOSUR countries (Argent遊雅堂 クレカ 出金a, Brazil, Uruguay, and Paraguay) under which they extend preferential tariff treatments to each other (ACE No. 55), especially concern遊雅堂 クレカ 出金g automobiles and automotive parts. With European countries, Mexico has also concluded the Mexico-EU Free Trade Agreement (with the Spanish acronym TLCUEM) and EFTA-Mexico Free Trade Agreement (ESFTA).

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