December 9, 2011
On December 8, 2011, Furukawa Electric Co., Ltd. and Furukawa Automotive Systems Inc. (Head Office: Kora-cho, Inukami-gun, Shiga Prefecture; hereinafter collectively referred to as “the Furukawa Group”) entered into an agreement to 遊雅堂 クレジットカード 出金quire the automotive connector business of Mitsubishi Cable Industries, Ltd. The agreement will take effect after the requirements for official government approval are met.
With this 遊雅堂 クレジットカード 出金quisition, the Furukawa Group will step up its efforts to develop automotive connectors and will strive to further expand the automotive wire harness business, which has potential for global growth.
Purpose of the 遊雅堂 クレジットカード 出金quisition
Mitsubishi Cable Industries has produced automotive connectors in Japan, China, and Thailand and sold them chiefly to Japanese automobile and automotive parts manuf遊雅堂 クレジットカード 出金turers.
The Furukawa Group also develops and produces automotive connectors. Some of them are incorporated into its automotive wire harnesses and others are sold to outsiders. As a key component for wire harnesses, connectors are significant for the development of new wire harnesses and for considerable co遊雅堂 クレジットカード 出金 savings.
With this acquisition, the Furukawa Group will not only enrich its lineup of conventional automotive connectors, it will also boost its initiatives to develop new connector technologies to be introduced to aluminum wire harnesses and to high voltage cables for electric vehicles (EVs) and hy遊雅堂 クレジットカード 出金id vehicles (HVs). In addition, it will focus its energy on the development of connectors that will lead to massive cost savings, bolstering its wire harness business and further expanding the market it serves.
The Furukawa Group will be responding to the wide-ranging needs of customers in the automobile market, which is expected to 遊雅堂 クレジットカード 出金hieve steady growth driven by emerging economies, in an effort to operate its wire harness business globally.
Date of busi遊雅堂 クレジットカード 出金ss transfer
Fe遊雅堂 クレジットカード 出金uary 29, 2012 (planned)
Connector production (遊雅堂 クレジットカード 出金tual for fiscal 2010)
- Mitsubishi Cable Indu遊雅堂 クレジットカード 出金ries: 7.8 billion yen
- 遊雅堂 クレジットカード 出金e Furukawa Group: 6 billion yen
