Furukawa Electric Co., Ltd.

Company Profile

■URL

http://www.furukawa.co.jp/english/index.htm

■Address

Marunouchi Nakadori Bldg. 2-2-3, Marunouchi, Chiyoda-ku, Tokyo, 100-8322, Japan

Business Overview

-The Company is a supplier manufacturing non-ferrous metal products such as copper wire, aluminum wire, and wire harnesses. The Company is engaged in the following five lines of businesses.

  • Telecommunications: laser-fiber cable, optical products, network equipment
  • Energy & industrial Products: aluminum wire, covered wire, power cables, plastic products such as foam sheets and semi-conductor tape, and electronic materials
  • Electronics and Automotive Systems: batteries, automotive parts and wire, coil, heat sinks, circuit boards for memory disks, electronic parts and materials.
  • Metals: copper tubing, rolled copper such as copper strips, electrolytic copper foil, and processed metal products such as shape memory alloy.
  • Services and other: various service businesses such as real estate, logistics, and information; and R&D activities.

-Electronics and Automotive Systems is mainly in charge of automotive components. Its major group companies are listed below.

  • Furukawa Automotive Systems Inc.: wire harnesses, connectors, electronic control units, metal core substrate, etc.
  • Furukawa Battery Co., Ltd.: automotive batteries

Recent business developments

-The automotive parts and battery businesses are focusing on the following activities.

  • Harnesses: aluminum wire, anticorrosive terminals, high-voltage harnesses
  • Onboard products: Steering roll connectors (SRCs), battery state sensors (BSSs), monitoring radar systems, interior lighting, etc.
  • Battery storage: ultra-batteries for stop/start systems, lead batteries compliant with European Norm standard

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or Company name Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account) 5.17
Japan Trustee Services Bank, Ltd. (Trust Account) 4.38
Mizuho Trust & Banking Co., Ltd. Retirement Funds Trust Mizuho Bank, Ltd. Account 3.42
Japan Trustee Services Bank, Ltd. (Trust Account 4) 3.40
Asahi Mutual Life Insurance Co. 1.93
Furukawa Co., Ltd. 1.88
BBH Boston Custodian for Japan Value Equity Concentrated Fund A Series of 620135 1.78
Fuji Electric Co., Ltd. 1.56
Mizuho Trust & Banking Co., Ltd. Retirement Funds Trust Furukawa Co. Ltd. Account 1.55
Chase Manhattan Bank GTS Clients Account Escrow 1.52
Total 26.59

Products

Wire harnesses
-Wire harnesses

  • Wire harnesses for EV/HEV
  • Aluminum wire harnesses

-Sliding door harnesses
-BUS harnesses
-Corrosion-proof terminal for aluminum wire

Connectors
-Connectors
-Steering roll connectors

Functional components for automobile
-Metal core PCBs
-Automotive batteries
-Lead battery status detection sensors
-Heat-dissipation/cooling products

  • Heat pipes
  • Heat sinks

-Plating
-Heat resistant wire & cable for automobiles

Functional product materials for automobiles
-Copper and copper alloy products
-Copper Foil
-Enameled wire

Interior finishing materials
-Foam products
-Micro-cellular foamed light reflective sheet

History

Furukawa Automotive Systems Inc.

1946 Established as a subcontract factory of Furukawa Electric Co., Ltd. in Toyosato-mura, Inugami-gun, Shiga prefecture. Started to produce cotton-covered wires, bind wires and cotton insulated wires.
1950 Reorganized to Omi Densen Co., Ltd.
1958 Started mass producing polyethylene wires.
1960 Formed a technical alliance with Furukawa Electric Co., Ltd., for automotive wire harnesses, and started mass production.
1961 Furukawa Electric Co., Ltd. took a stake in the Company. The Company became a main manufacturer of wire harnesses for Furukawa Electric.
1967 Completed relocating all plants to Toyosato-cho, Inugami-gun, Shiga prefecture. Merged Sanwa Harness Co., Ltd., a former member of the Furukawa Electric Group.
1968 Moved the headquarters to Takanose, Toyosato-cho, Inugami-gun, Shiga prefecture.
1977 Established an integrated plant handling all processes from wire drawing to fitting of cut terminals in Hatasho-cho, Echi-gun, Shiga prefecture.
Established Hikone Electric Wire Co., Ltd.
1985 Established Shiga Plant.
1986 Established Aomori Electric Wire Co., Ltd.
1987 Established UTF (currently Lear Furukawa Corporation) in the USA as a joint venture with Furukawa Electric Co., Ltd. and UTA Co., Ltd.
1988 Formed a business tie-up with LTK (currently GPP) in Hong Kong and started production in China.
Formed a technical tie-up with Shang Ho Industry Co., Ltd. in Taiwan.
1993 Formed a technical tie-up with Permintex Industries Sdn. Bhd. in Malaysia.
1995 Formed a technical tie-up with Tong Hae Electrics Industries Co., Ltd. in Korea and Thai Summit Harness Co., Ltd. in Thailand.
Moved Hikone Electric Wire Co., Ltd to Toyosato Plant.
1996 Established OEV (currently Furukawa Automotive Parts (Vietnam) Inc.) (FAPV) in Vietnam.
1999 Established the second electric wire plant of FAPV in Vietnam.
2000 Changed the name of the Company to Furukawa Automotive Parts Co., Ltd.
Obtained ISO9002:1994 certification.
2001 With Furukawa Electric Co., Ltd., jointly established Furukawa Electric Autoparts Central Europe s. r. o. (FACE) in Czech Republic.
2002 With Furukawa Electric Co., Ltd., and Permintex Industries Sdn. Bhd. (Malaysia), jointly established PT. Furukawa Permintex Autoparts Indonesia (FPAI) in Indonesia.
Obtained ISO14001:1996 certification.
2003 Obtained ISO9001:2000 certification.
2004 Obtained shares of Shikoku Cable Co., Ltd.
2005 Established Furukawa Automotive Parts (Dongguan) Ltd. (FAPD).
Established Furukawa Automotive Parts (Hong Kong) Ltd. (FAPH).
Established Furukawa Electric (Shenzhen) Co., Ltd. (FESZ).
2007

Formed a technical tie-up with Tianjin Jinhe Electric Engineering Co., Ltd.(TJHE).

Formed a technical tie-up with Furukawa Automotive Systems (Thailand) Co., Ltd. (FAST) in Thailand and started production locally.
Formed a technical tie-up with Minda Furukawa Electric Private Ltd. (MFEP) in India.
Oct. 2007 Transferred the automotive parts business from Furukawa Electric Co., Ltd. and changed the name of the company to Furukawa AS Inc.
2008 Obtained authorized exporter/importer certifications.
Established Furukawa Automotive Systems Vietnam Inc. (FASV) in Vietnam.
Obtained TS1694949 certification.

2009

Established the Yamaguchi Plant.

2010

Established Furukawa Automotive Systems (Vietnam) Inc. (FASV) in Philippines.

2011

Transferred the equity shares in Shikoku Cable.

2012

Acquired the automotive connector business from Mitsubishi Cable Company.
Established Furukawa Automotive Systems Lima Philippines, Inc. (FALP) in the Philippines.
Established Furukawa Automotive Systems Kabinburi (Thailand) Co., Ltd. (FAKT) in Thailand.
Oct. 2013 Furukawa-Sky Co. Ltd. absorbed and merged with Sumitomo Light Metal Industries., Co. Ltd. and formed UACJ, which is now a consolidated subsidiary under the equity method of accounting. (It is listed on the Listed on the first section of the Tokyo Stock Exchange.)

Feb. 2014

Established Furukawa Automotive Systems Asia Pacific Co., Ltd. (FAAP) in Thailand as a local headquarters company manufacturing auto parts.

Supplemental Information 1