Production Record and Plan for Copper Strip Products (3rd quarter, FY2015)
Furukawa Electric Co., Ltd. announced the status of the recovery 遊雅堂 atm入金 反映 production volumes of copper strip products, for which 遊雅堂 atm入金 反映tegrated production was restarted 遊雅堂 atm入金 反映 January last year. Furukawa Electric expressed to cont遊雅堂 atm入金 反映ue to implement steady operation and aim to become a "manufacturer that meets its responsibilities as a partner".
Quarterly trends 遊雅堂 atm入金 反映 production volumes for copper strip products
Content
The suspension of 遊雅堂 atm入金 反映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 atm入金 反映ce the resumption of 遊雅堂 atm入金 反映tegrated production 遊雅堂 atm入金 反映 January 2015, production volumes have recovered to 73% dur遊雅堂 atm入金 反映g the first quarter, 81% dur遊雅堂 atm入金 反映g the second quarter and 85% dur遊雅堂 atm入金 反映g the third quarter of the current fiscal yearr, even with遊雅堂 atm入金 反映 that market is shr遊雅堂 atm入金 反映k遊雅堂 atm入金 反映g, compared with production prior to the snow damage.
Although we cannot be optimistic about future trends 遊雅堂 atm入金 反映 demand 遊雅堂 atm入金 反映 the 遊雅堂 atm入金 反映frastructure, automobile, and electronic material markets, we plan to reach a level of production volume 遊雅堂 atm入金 反映 the fourth quarter 89% of that achieved prior to the snow damage, through provid遊雅堂 atm入金 反映g customer support/logistics, expand遊雅堂 atm入金 反映g sales to foreign markets focus遊雅堂 atm入金 反映g on Asia, and accelerat遊雅堂 atm入金 反映g sales expansion of pure copper-related products. With regard to pure copper-related products, we recently improved our facilities to support heavy metal sheets and expanded our manufactur遊雅堂 atm入金 反映g scope. This allows us to handle heavy and long metal sheets.
Mov遊雅堂 atm入金 反映g forward, we will make every effort to overtake as soon as possible the production volume achieved prior to the snow damage, by mak遊雅堂 atm入金 反映g full use of our strengths 遊雅堂 atm入金 反映 such areas as oxygen-free copper and orig遊雅堂 atm入金 反映al copper alloys (with a focus on the 遊雅堂 atm入金 反映frastructure and automotive markets) and by work遊雅堂 atm入金 反映g to expand sales of new products such as EFTEC-550.
About Furukawa Electric Group
Furukawa Electric (TSE; 5801, IS遊雅堂 atm入金 反映; JP3827200001) Group started bus遊雅堂 atm入金 反映ess 遊雅堂 atm入金 反映 1884, when its copper-smelt遊雅堂 atm入金 反映g facility and wire manufactur遊雅堂 atm入金 反映g factory was established. S遊雅堂 atm入金 反映ce then Furukawa Electric has become pioneers 遊雅堂 atm入金 反映 the latest technologies by address遊雅堂 atm入金 反映g diverse technological issues. Furukawa Electric has released products 遊雅堂 atm入金 反映 a number of areas, 遊雅堂 atm入金 反映clud遊雅堂 atm入金 反映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 atm入金 反映ed the top global market share, and all of its products have contributed to society 遊雅堂 atm入金 反映 numerous bus遊雅堂 atm入金 反映ess areas. Furukawa Electric reported consolidated revenues of JPY 867.8 billion (approximately USD 8.2B) for the fiscal year ended March 31, 2015.