Japan - Sumiden Hitachi Cable forecasts for H1 F2012 - 0 views
-
Piotr Ortonowski on 28 Mar 12Japan's largest company of building wires and cables, Sumiden Hitachi Cable, which is jointly controlled by Hitachi Cable, Sumitomo Electric Industries and Tatsuta Electric Wire & Cable, says it plans for its sales volume in copper to increase slightly year-on-year for first half of fiscal 2012 beginning in April. The firm forecasts that domestic demand for its three major items, the largest being low voltage XLPE cable, would remain steady y-o-y at around a monthly average volume of 14,500t of copper Sumiden Hitachi Cable estimated that Japanese demand for its three major products increased by 6%y-o-y in H2 2011 to average 15,800t in copper per month. Building wire and cable shipments remained steady for large building projects situated mainly in Tokyo while shipments increased by 20% y-o-y in the Tohoku area as a result of the restorations being undertaken following the earthquake last year. The shipment levels were also boosted by active public facilities construction towards the end of the Japanese major fiscal year in March. Forecasts suggest that in H1 F2012, total demand and shipments would level off as construction projects and restorations following the earthquake would begin to tail off.