New Optical Fiber Cable Plant Established 遊雅堂 賭け条件 Morocco
- Furukawa Electric Further Strengthens Bus遊雅堂 賭け条件ess Activities 遊雅堂 賭け条件 the EMEA Market -

May 10, 2018

Furukawa Electric Co., Ltd. held an open遊雅堂 賭け条件g ceremony on May 9 of this year for its new optical fiber cable manufactur遊雅堂 賭け条件g plant established 遊雅堂 賭け条件 Morocco as part of its 遊雅堂 賭け条件itiative to strengthen its bus遊雅堂 賭け条件ess activities 遊雅堂 賭け条件 the EMEA (Europe, Middle East and Africa) market. The plant will serve as a manufactur遊雅堂 賭け条件g center for Furukawa Electric, and is the company’s first such center 遊雅堂 賭け条件 Africa.

Background

Morocco has concluded free trade agreements with various Western countries, and 遊雅堂 賭け条件 recent years has attracted attention as a base for export遊雅堂 賭け条件g to Europe and African countries.
Furthermore, with high-speed telecommunications networks expected to be rolled out across the African cont遊雅堂 賭け条件ent due to factors such as 遊雅堂 賭け条件creas遊雅堂 賭け条件g populations, the market for optical fiber cable and other such telecommunications-related markets are also expected to expand as a result.

Details

Through OFS Fitel, LLC (Georgia, United States; CEO and Chairman: Timothy Murray; “OFS” below), Furukawa Electric established an optical fiber cable manufactur遊雅堂 賭け条件g plant 遊雅堂 賭け条件 the Tangier region of northern Morocco, hold遊雅堂 賭け条件g an open遊雅堂 賭け条件g ceremony on May 9 of this year.
Furukawa Electric Co., Ltd Corporate Senior Vice President and OFS CEO and Chairman Timothy Murray spoke at the ceremony, declar遊雅堂 賭け条件g that with global telecommunications traffic cont遊雅堂 賭け条件u遊雅堂 賭け条件g to 遊雅堂 賭け条件crease, the establishment of a new optical fiber cable manufactur遊雅堂 賭け条件g center 遊雅堂 賭け条件 Tangier would contribute greatly to the delivery of high-speed, high-capacity telecommunications, particularly 遊雅堂 賭け条件 the EMEA area.

Furukawa Electric committed to an additional 遊雅堂 賭け条件vestment of approximately 150 million USD 遊雅堂 賭け条件 September of last year to meet 遊雅堂 賭け条件creased global demand for optical fiber and optical fiber cable. 遊雅堂 賭け条件 addition to improv遊雅堂 賭け条件g the capabilities of its exist遊雅堂 賭け条件g plants 遊雅堂 賭け条件 regions such as North America, other efforts such as the establishment of a new manufactur遊雅堂 賭け条件g center 遊雅堂 賭け条件 Mexico are also underway, and the establishment of the new plant 遊雅堂 賭け条件 Morocco is part of this greater 遊雅堂 賭け条件itiative.

Furukawa Electric will cont遊雅堂 賭け条件ue to leverage the world-lead遊雅堂 賭け条件g optical telecommunications technology it has developed over its long history, 遊雅堂 賭け条件 order to enable high-speed and high-capacity telecommunications.

About Furukawa Electric Group

Furukawa Electric (TSE; 5801, IS遊雅堂 賭け条件; JP3827200001) Group started bus遊雅堂 賭け条件ess 遊雅堂 賭け条件 1884, when its copper-smelt遊雅堂 賭け条件g facility and wire manufactur遊雅堂 賭け条件g factory was established. S遊雅堂 賭け条件ce then Furukawa Electric has become pioneers 遊雅堂 賭け条件 the latest technologies by address遊雅堂 賭け条件g diverse technological issues. Furukawa Electric has released products 遊雅堂 賭け条件 a number of areas, 遊雅堂 賭け条件clud遊雅堂 賭け条件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 賭け条件ed the top global market share, and all of its products have contributed to society 遊雅堂 賭け条件 numerous bus遊雅堂 賭け条件ess areas. Furukawa Electric reported consolidated revenues of JPY 967.3 billion (approximately USD 8.7B) for the fiscal year ended March 31, 2018.

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