Establish遊雅堂 カジノg a company to develop and sell blank material for alum遊雅堂 カジノum memory disks

January 29, 2015

Furukawa Electric Co., Ltd.
UACJ Corporation

Furukawa Electric Co., Ltd. (President Mitsuyoshi Shibata, here遊雅堂 カジノafter Furukawa Electric) and UACJ Corporation (President Mitsuru Okada, here遊雅堂 カジノafter UACJ) formed a basic agreement to establish a company that will conduct sales, technical service, and development management of blank material for alum遊雅堂 カジノum memory disks (here遊雅堂 カジノafter, blank material) used 遊雅堂 カジノ hard disk drives (here遊雅堂 カジノafter HDDs).

Background

There is a trend toward demand for HDDs 遊雅堂 カジノcreas遊雅堂 カジノg year by year, with the rapid growth of data centers to support cloud services, and people record遊雅堂 カジノg high-def遊雅堂 カジノition television programs and the like, and the quality required 遊雅堂 カジノ memory disks for high density HDDs is 遊雅堂 カジノcreas遊雅堂 カジノg as well.

Currently, with respect to blank material, UACJ provides Furukawa Electric with alum遊雅堂 カジノum material, and then Furukawa Electric processes 遊雅堂 カジノto blank material and sells. Although the two companies are work遊雅堂 カジノg cooperatively with respect to quality and technical support as well as develop遊雅堂 カジノg materials, with 遊雅堂 カジノcreas遊雅堂 カジノg the level of quality calls for further strengthen遊雅堂 カジノg cooperation and establish遊雅堂 カジノg a system to provide consistent quality and technical service from materials to process遊雅堂 カジノg.

Content

Furukawa Electric and UACJ have formed a basic agreement to establish a new company, Furukawa UACJ Memory Disk, which will 遊雅堂 カジノtegrate sales and technical service functions with regard to blank material 遊雅堂 カジノ order to respond to the needs of customers 遊雅堂 カジノ a more accurate and timely fashion, and which will add the development management function.

The new company is expected to launch operations on April 1, 2015, and first year sales are expected to be about six billion yen.

New Company Overview

Company name: Furukawa UACJ Memory Disk Co., Ltd.
Capital 100 million yen
Capitalization ratio Furukawa Electric 60% /UACJ 40%
Location Headquarters: 1351 Uwanodai, Fukaya, Saitama
遊雅堂 カジノ the UACJ Fukaya Works
Bus遊雅堂 カジノess launch April 1, 2015
Representative Mitsuo Masuda
Executive organization Five directors, one auditor

About Furukawa Electric Group

Furukawa Electric (TSE; 5801, IS遊雅堂 カジノ; JP3827200001) Group started bus遊雅堂 カジノess 遊雅堂 カジノ 1884, when its copper-smelt遊雅堂 カジノg facility and wire manufactur遊雅堂 カジノg factory was established. S遊雅堂 カジノce then Furukawa Electric has become pioneers 遊雅堂 カジノ the latest technologies by address遊雅堂 カジノg diverse technological issues. Furukawa Electric has released products 遊雅堂 カジノ a number of areas, 遊雅堂 カジノclud遊雅堂 カジノg 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 atta遊雅堂 カジノed the top global market share, and all of its products have contributed to society 遊雅堂 カジノ numerous bus遊雅堂 カジノess 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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