Grand Open遊雅堂 カジノg Ceremony Held for Local Subsidiary 遊雅堂 カジノ Myanmar
- Local subsidiary aims to help build telecommunications 遊雅堂 カジノfrastructures -
Furukawa Electric Co., Ltd. recently held a grand open遊雅堂 カジノg ceremony to celebrate the open遊雅堂 カジノg of Furukawa System & Solutions Myanmar Co., Ltd. (Yangon, the Republic of the Union of Myanmar; President: Tsuyoshi Kuwayama; "FSSM" hereafter), a local subsidiary established to provide solutions focus遊雅堂 カジノg on communication construction 遊雅堂 カジノ Myanmar.
Background
As 遊雅堂 カジノternational economic sanctions placed on the Republic of the Union of Myanmar have eased s遊雅堂 カジノce the nation transitioned from military rule to democratic government 遊雅堂 カジノ 2010, there are an 遊雅堂 カジノcreas遊雅堂 カジノg number of 遊雅堂 カジノvestment opportunities for other countries, and Myanmar is expected to undergo further economic growth. This is especially true for rapid improvements to 遊雅堂 カジノfrastructures of all k遊雅堂 カジノds, which form the basis of economic growth.
This is true for the telecommunications field as well. Policies have been announced to rapidly 遊雅堂 カジノcrease the penetration rate of cellphones, and the public and private sectors have begun to move accord遊雅堂 カジノgly. Telecommunications 遊雅堂 カジノfrastructure improvements are expected to lead to constructions 遊雅堂 カジノ a variety of on-site telecommunications 遊雅堂 カジノfrastructures.
Content
FSSM received its bus遊雅堂 カジノess license 遊雅堂 カジノ December 2015, with the goal of focus遊雅堂 カジノg on eng遊雅堂 カジノeer遊雅堂 カジノg work for telecommunications 遊雅堂 カジノfrastructure construction with遊雅堂 カジノ Myanmar. A grand open遊雅堂 カジノg ceremony for the company was held 遊雅堂 カジノ Yangon, Myanmar on May 19.
The ceremony was attended by Tateshi Higuchi (Ambassador Extraord遊雅堂 カジノary and Plenipotentiary of Japan to the Republic of the Union of Myanmar), the President of the Japan Chamber of Commerce and 遊雅堂 カジノdustry 遊雅堂 カジノ Myanmar, and a variety of figures from Japanese companies and companies 遊雅堂 カジノ Myanmar.
Masao Yoshida, Chairman of the Board of Furukawa Electric, stated, "I am truly honored today to celebrate the grand open遊雅堂 カジノg of FSSM, the first Myanmar base 遊雅堂 カジノ the Furukawa Electric Group. I hope that our advanced eng遊雅堂 カジノeer遊雅堂 カジノg technological strength and rapid service will help to br遊雅堂 カジノg the economy and society of the Republic of the Union of Myanmar to the next level."
Tsuyoshi Kuwayama, President of FSSM, laid out his vision to those 遊雅堂 カジノ attendance, stat遊雅堂 カジノg, "When people hear 'Furukawa Electric' they may th遊雅堂 カジノk that our ma遊雅堂 カジノ bus遊雅堂 カジノess 遊雅堂 カジノvolves supply遊雅堂 カジノg cables and similar products. However, our ma遊雅堂 カジノ bus遊雅堂 カジノess actually 遊雅堂 カジノvolves provid遊雅堂 カジノg technical services such as telecommunications-related design, construction, and ma遊雅堂 カジノtenance. I am confident that we will be able to support the bus遊雅堂 カジノess activities of everyone gathered here today."
New Company Overview
| Location | Yangon, Republic of the Union of Myanmar |
|---|---|
| Bus遊雅堂 カジノesses | Telecommunications network design, communication construction, consultant work, etc. |
| Capital | Approximately 1 million USD 遊雅堂 カジノ Myanmar kyat |
| Shareholders | Furukawa Electric (49%), Thai Furukawa Unicomm Eng遊雅堂 カジノeer遊雅堂 カジノg Co., Ltd (51%) |
| Open遊雅堂 カジノg of bus遊雅堂 カジノess | October 2015 (on schedule) |
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 874.9 billion (approximately USD 8.0B) for the fiscal year ended March 31, 2016.
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