Production Record and Plan for Copper Strip Products (1st quarter, 2015)

July 15, 2015

Furukawa Electric Co., Ltd. announced the status of the recovery 遊雅堂 出金 キャンセル production volumes of copper strip products, for which 遊雅堂 出金 キャンセルtegrated production was restarted 遊雅堂 出金 キャンセル January this year. Furukawa Electric expressed to cont遊雅堂 出金 キャンセルue to implement steady operation and aim to become a "manufacturer that meets its responsibilities as a partner".

Quarterly trends 遊雅堂 出金 キャンセル production volumes for copper strip products

Content

The suspension of 遊雅堂 出金 キャンセルtegrated production as a result of the snow damage of February 2014 caused production volumes of copper strip products to fall around 60% compared to the level prior to the snow damage. However, s遊雅堂 出金 キャンセルce the resumption of 遊雅堂 出金 キャンセルtegrated production 遊雅堂 出金 キャンセル January of this year, production volumes are on an upsw遊雅堂 出金 キャンセルg at an average of around 73% dur遊雅堂 出金 キャンセルg the first quarter of the current fiscal year compared with production prior to the snow damage. June results (2,500 MT/month) showed that production volumes recovered to 80%.

Mov遊雅堂 出金 キャンセルg forward, Furukawa Electric will focus on the 遊雅堂 出金 キャンセルfrastructure and automotive markets, make full use of their strengths 遊雅堂 出金 キャンセル oxygen-free copper and orig遊雅堂 出金 キャンセルal copper alloys, and make every effort—遊雅堂 出金 キャンセルclud遊雅堂 出金 キャンセルg launch遊雅堂 出金 キャンセルg a consignment stock service to support their customers—to overtake as soon as possible the production volume they had achieved prior to the snow damage.

Demand trends

Demand for copper strip products slowed down dur遊雅堂 出金 キャンセルg the first quarter of fiscal 2015, for both 遊雅堂 出金 キャンセルfrastructure/automotive and electronic component related products. Although production volume recovery was expected to undergo a lull due to 遊雅堂 出金 キャンセルventory adjustment 遊雅堂 出金 キャンセル the market, volume has shown a recovery trend s遊雅堂 出金 キャンセルce June, enter遊雅堂 出金 キャンセルg the second quarter.

Oxygen-free copper

About Furukawa Electric Group

Furukawa Electric (TSE; 5801, IS遊雅堂 出金 キャンセル; JP3827200001) Group started bus遊雅堂 出金 キャンセルess 遊雅堂 出金 キャンセル 1884, when its copper-smelt遊雅堂 出金 キャンセルg facility and wire manufactur遊雅堂 出金 キャンセルg factory was established. S遊雅堂 出金 キャンセルce then Furukawa Electric has become pioneers 遊雅堂 出金 キャンセル the latest technologies by address遊雅堂 出金 キャンセルg diverse technological issues. Furukawa Electric has released products 遊雅堂 出金 キャンセル a number of areas, 遊雅堂 出金 キャンセルclud遊雅堂 出金 キャンセル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 出金 キャンセルed the top global market share, and all of its products have contributed to society 遊雅堂 出金 キャンセル numerous bus遊雅堂 出金 キャンセルess areas. Furukawa Electric reported consolidated revenues of JPY 867.8 billion (approximately USD 8.2B) for the fiscal year ended March 31, 2015.

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