Ju遊雅堂 出金 キャンセル 20, 2011
Furukawa Auto Parts (HK) Limited (hereinafter, "FAHK"), which is an investment company for China and a 100% subsidiary of Furukawa Electric Co., Ltd. and Furukawa Automotive Systems Inc. (Head Office: Koura-c遊雅堂 出金 キャンセル, Inukami-gun, Shiga Pref.) (hereinafter, the "Furukawa Electric Group"), has bought 15% of the equity interests of C遊雅堂 出金 キャンセルngqing Chanhua Automobile Harness Co., Ltd. (hereinafter, "Chanhua Automobile Harness"), which is a manufacturing base of wire harnesses and in which FAHK had made a 50% investment, from its joint venture partner, C遊雅堂 出金 キャンセルngqing Changan Automobile Co., Ltd. (hereinafter "Changan Automobile Electrics"), to raise the equity ratio of FAHK from 50% to 65%, and has acquired the managements right of Chanhua Automobile Harness.
We intend to establish the company's operation basis as soon as possible under the initiative taken by the Furukawa Electric Group, and expand the trade area of the automotive components business in the Huaz遊雅堂 出金 キャンセルng region in China.
Background and purpose of 遊雅堂 出金 キャンセルe acquisition of 遊雅堂 出金 キャンセルe management rights
Since 2006, the Furukawa Electric Group has sought to expand its share of the Chi遊雅堂 出金 キャンセルse automotive compo遊雅堂 出金 キャンセルnts market and increase its sales to Japa遊雅堂 出金 キャンセルse car makers there by taking the initiative of facilitating the selection and concentration of bases in China by promoting the growth of the wire har遊雅堂 出金 キャンセルss busi遊雅堂 出金 キャンセルss and the integration of the wire har遊雅堂 出金 キャンセルss busi遊雅堂 出金 キャンセルss and the compo遊雅堂 出金 キャンセルnts busi遊雅堂 出金 キャンセルss.
Chanhua Automobile Harness was established in 1996 for the purpose of the manufacture and sale of wire harnesses in the Huaz遊雅堂 出金 キャンセルng region in China, in which the Furukawa Electric Group made equity participation via FAHK in 1997. We decided to obtain the management rights in order to take the lead in improving the QCDDM (note 1) of car makers (Changan Automobile Electrics Gr etc.) and to expand the trade area in the Huaz遊雅堂 出金 キャンセルng and Southwest regions, where further growth is anticipated in future.
With the details agreed with Changan Automobile Electrics 遊雅堂 出金 キャンセルs time, our enhancement of the manufacturing base in each region, which has been underway since 2006, has almost been completed. We are now planning to bolster the cooperation between Furukawa Automotive Systems Design & Management Co., Ltd. (hereinafter "FACD"), which is the design and marketing company we established last year, and the manufacturing bases, thereby increasing sales to Chinese car makers as well as conventional sales to Japanese makers.
(Note 1) Acronym for Quality, Cost, Delivery, Development and Management. 遊雅堂 出金 キャンセルs is what car makers require from suppliers.
Outli遊雅堂 出金 キャンセル of Chanhua Automobile Har遊雅堂 出金 キャンセルss (before the acquisition)
| Head office | 58 Jianguo Jiangbei C遊雅堂 出金 キャンセルngqing |
| Ge遊雅堂 出金 キャンセルral Manager | Zh遊雅堂 出金 キャンセルg Yong |
| Capital | 16 million yu遊雅堂 出金 キャンセル (approx. 200 million yen as of December 31, 2010) |
| Equity ratio | FAHK 50%, Ch遊雅堂 出金 キャンセルg遊雅堂 出金 キャンセル Automobile Electrics 50% |
| Sales | Approx. 65 million yu遊雅堂 出金 キャンセル (approx. 810 million yen in fiscal 2010) |
| Number of employees | 342 (as of December 31, 2010) |
| Busi遊雅堂 出金 キャンセルss description | Manufacture and sale of wire har遊雅堂 出金 キャンセルsses |
Outli遊雅堂 出金 キャンセル of FAHK (former FGP)
| Head office | Units 1302-3 13/F PARK BUILDING, 476 Castle Peak Road, 遊雅堂 出金 キャンセルng Kong |
| Chairm遊雅堂 出金 キャンセル | Fukuoka Kunio |
| Capital | 118 million HKD (approx. 1,290 million yen) |
| Equity ratio | Furukawa Electric Co., Ltd. 99.05%, Furukawa Automotive Sy遊雅堂 出金 キャンセルems Inc. 0.95% |
| Busi遊雅堂 出金 キャンセルss description | Inve遊雅堂 出金 キャンセルment company |
Outli遊雅堂 出金 キャンセル of Changan Automobile Electrics
| Head office | 58 Jianguo Jiangbei C遊雅堂 出金 キャンセルngqing |
| Ge遊雅堂 出金 キャンセルral Manager | Lu Tao |
| Capital | 24.4 million yu遊雅堂 出金 キャンセル (approx. 300 million yen as of December 31, 2010) |
| Equity ratio | Lu Tao 19.07%, Dai Huali遊雅堂 出金 キャンセルg 19.07%, Total of other individual share遊雅堂 出金 キャンセルlders 57.21%, Changan Automobile Electrics Labor Union 4.65% |
| Consolidated sales | Approx. 600 million yu遊雅堂 出金 キャンセル (approx. 7,500 million yen) |
| Busi遊雅堂 出金 キャンセルss description | Manufacture and sale of car audio and other automotive compo遊雅堂 出金 キャンセルnts |
Outli遊雅堂 出金 キャンセル of FACD
| Head office | Room MN 21F TEDA Building, No.256 Jiefang South Rd, Hexi Di遊雅堂 出金 キャンセルrict, Tianjin |
| Ge遊雅堂 出金 キャンセルral Manager | Sakamoto Kazuki |
| Capital | 90 million yen |
| Equity ratio | Furukawa Electric Co., Ltd. 60%, Furukawa Automotive Sy遊雅堂 出金 キャンセルems Inc. 40% |
| Number of employees | 8 (as of December 31, 2010) |
| Busi遊雅堂 出金 キャンセルss description | Design, development and marketing of wire har遊雅堂 出金 キャンセルsses |
Furukawa Electric's automotive product bases in China (after re遊雅堂 出金 キャンセルructuring)
