Japan - Furukawa Electric to merge three subsidiaries - 0 views
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Piotr Ortonowski on 01 Sep 11Furukawa Electric Co., Ltd. announced plans to integrate three subsidiaries related to electrical power parts by April 2013. The subsidiaries it is considering are the Asahi Electric Works Co., Ltd. engaging in power transmission, Inoue Manufacturing Co., Ltd. producing underground power lines and Furukawa Power Components Inc. which produces overhead distribution lines. The merger will form a comprehensive parts manufacturer encompassing the entire electrical supply network ranging from power plants to consumers. In the future, it plans to mobilize technology and management resources to strengthen overseas deployment as well as research and development for new energies. Following the integration, it aims to increase sales from about ¥17 billion in total in 2010 to ¥30 billion by 2016.