OFS

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 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.