January 26, 2012
Furukawa Automotive Systems Inc.
Furukawa Automotive Systems Inc. (Head Office:1000 Amago
Koura-cho Inukami-gun Shiga Prefecture; President:
Michitoyo Kurokawa; Status:a wholly owned subsidiary of
Furukawa Electric Co., Ltd., "FAS") has established
Furukawa Automotive Systems Lima Philippines
Inc.("FALP"),a company that manufactures wire harnesses
for automobiles, in Lipa City, Batangas Province,
Republic of the Philippines, as its wholly owned
subsidiary.
FAS has established FALP as its first wire harness
manufacturing subsidiary in Philippines. The new company
is scheduled to start operating in March 2013.
Objective
FAS , in increasing demand of wire harnesses, has been
examining the expansion of production and the enhancement
of production base in Asian area. Consequently, FAS has
decided to establish a new manufacturing base in Lima
technology Center, Lipa, Batangas, Philippines(65Km South
from Manila) ,judging from securing a stable and abundant
work force and stability of labor cost in future. FAS
will position the new company as a base for exports
mainly to Japan.
Operation of the new company will be a first step for
further enhancement of manufacturing base in Asian
countries.
Outline of the New Company
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Company Name
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FURUKAWA AUTOMOTIVE SYSTEMS LIMA PHILIPPINES INC.
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Location
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Lipa City,Batangas Province,Republic of the
Philippines
(LIMA TECHNOLOGY CENTER)
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Site Area
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Approx.50,000m2
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Building Area
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Approx.21,000m2
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President
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Keiji Kita
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Business Line
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Manufacture and sales of wire harnesses for
automobiles
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Capital
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1 Billion Japanese Yen
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Investor
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Furukawa Automotive Systems Inc.(investment
ratio:100%)
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Established
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2012-1-16(Date of Certificate issued by SEC, Republic
of the Philippines)
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Operational Launch
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Scheduled for March 2013
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Number of employees
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Approx.2,500(Planned for 2014)
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