Furukawa Electric

Furukawa Electric inaugurated a new optical fiber plant in Tangier, Morocco, on May 9, 2018. The plant required an initial investment of 200 million Moroccan dirhams, with an additional 100 million dirhams planned in the medium term, and is expected to create 200 qualified jobs.

Furukawa Electric LatAm opened a new manufacturing facility in Mexicali, Mexico, on December 8, 2017, to produce fiber optic cables and optical equipment, with an investment of USD 4.5 million and expected to generate 150 direct and 30 indirect jobs in its first year.

Furukawa Electric announced plans to nearly double its 2016 optical fiber manufacturing capacity by 2019 and increase optical fiber cable capacity, creating over 400 jobs. The board approved $150 million capital spending for expansion primarily in the U.S. and Europe through its subsidiary OFS.

Essex Magnet Wire and Furukawa Electric established a joint venture, Essex Furukawa Magnet Wire Europe GmbH, based in Bad Arolsen, Germany, to produce high-voltage winding wire for the European automotive industry.

Essex Magnet Wire (a division of Superior Essex Inc.) and Furukawa Electric Co., Ltd. announced their intent to form a joint venture in Bad Arolsen, Germany, to supply high-voltage winding wire to the automotive industry in Europe. The joint venture will be named Essex Furukawa Magnet Wire Europe.