July 20, 2011
Furukawa Electric and its 100% subsidiary Furukawa Magnet Wire Co., Ltd. ("FMGW") have decided to strengthen overseas business development under the FMGW 遊雅堂 キャンペーンコード 2024and by having FMGW obtain shares of Jung Shing Wire Co., Ltd. (headquartered in Taiwan; hereinafter "Jung Shing Wire") and collaborating in the fine enameled wire business in the Chinese market.
1. Background and objectives
遊雅堂 キャンペーンコード 2024nufacture of fi遊雅堂 キャンペーンコード 2024 enameled wire is consigned to Jung Shing Wire, for 遊雅堂 キャンペーンコード 2024engthening sales of the products in China.
- From April 2010, our company and FMGW have integrated the magnet wire businesses of the Furukawa Electric Group in efforts to 遊雅堂 キャンペーンコード 2024engthen this business area. Demand for fine enameled wire in the Chinese market has grown steadily, mainly for use with electronic components, as a result of wider use of such components with on-vehicle equipment and Smartphone. We expect demand will remain steady in the future.
- Under these circumstances, we have decided to strengthen overseas business development under the FMGW 遊雅堂 キャンペーンコード 2024and by collaborating with Jung Shing Wire and consigning manufacture of fine enameled wire to its manufacturing bases in China.
- FMGW will acquire about 31 million ordinary shares of Jung Shing Wire held by Totoku Electric Co., Ltd. This is equivalent to a little over 20% of all out遊雅堂 キャンペーンコード 2024anding shares.
2. Outli遊雅堂 キャンペーンコード 2024 of busi遊雅堂 キャンペーンコード 2024ss collaboration and future plans
Sequential shipment of samples is set to 遊雅堂 キャンペーンコード 2024art this September.
- Jung Shing Wire has three manufacturing bases in Taiwan (Tainan) and China (Suzhou and Dongguan). Manufacture of products shipped in China is to be consig遊雅堂 キャンペーンコード 2024d to the manufacturing bases in Suzhou and Dongguan.
- The object of business collaboration is fine enameled wire (with a radius of 0.5 mm or less), for which the market is expected to expand in the coming years and an area in which FMGW and Jung Shing Wire show 遊雅堂 キャンペーンコード 2024ength.
- Our sales network in China will be utilized for sales, delivering products to customers in China directly. The product 遊雅堂 キャンペーンコード 2024and will be FMGW, which will design the products and guarantee their quality.
- Shipment of samples will 遊雅堂 キャンペーンコード 2024art in sequence this September. Two types of products that have enjoyed wide acceptance in the Chinese market will be manufactured - self-bonding wire (SV, LOCK) and ultrafine polyurethane enameled wire (UEW). Targeted monthly production of 500 metric tons is to be attained within a few years.
3. Pr遊雅堂 キャンペーンコード 2024ile 遊雅堂 キャンペーンコード 2024 Jung Shing Wire
This major Taiwa遊雅堂 キャンペーンコード 2024se company with two productions bases in China develops, manufactures and sells enameled wire.
- Head office : No. 231, Section 3, Chung-cheng Road, Jen-teh Di遊雅堂 キャンペーンコード 2024ict, Tainan City 71757, Taiwan
- Chairman : Tong-Shi遊雅堂 キャンペーンコード 2024 Wang
- Plants : Taiwan (Tainan 遊雅堂 キャンペーンコード 2024in plant), China (Dongguan, Suzhou)
- Capital : NT,402 million
- Scope of busi遊雅堂 キャンペーンコード 2024ss : development, manufacturing and sales of enameled wire and Litz wire
