Furukawa Electric to consolidate wire rods division - 0 views
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Matthew Wonnacott on 02 Nov 12On 1st November, Furukawa Electric Company announced further details about plans to increase profits by JPY18B (US$226M) by 2015. The company aims to do this through consolidation of their copper wirerod and optical cables division and pulling out of some areas including winding wire. The company will also move production of copper foil and electric wires overseas. Furukawa Electric cited the mature Japanese market and limited opportunities for growth in this market as reasons for the restructuring.