Furukawa electric co., ltd. Overview
Furukawa electric co., ltd. is engaged in the business of manufacturing cable and copper products. It offers optical fibers, wiring materials, construction tools, power cables, fire prevention products, electrical conductors, power distribution products, wire harness, connectors, electronic parts, and heat insulators. It operates through four business segments namely, electronics & automotive systems, infrastructure, functional products, and service & developments. Its products are used in the industries such as telecommunication, energy, automotive, electronics, and construction.
Furukawa electric co., ltd. has its presence in the countries such as the US, Mexico, Colombia, the UK, Germany, Italy, Russia, China, Singapore, Indonesia, and Japan. Some of the subsidiaries of the company are The Furukawa Battery Co. Ltd., Furukawa Automotive Systems Inc., Trocellen GmbH, Furukawa Circuit Foil Co.Ltd., and Furukawa Sangyo Kaisha, Ltd.
Strategy
Furukawa electric co., ltd. strategizes to expand its geographic presence and improve operational efficiency by winning new contracts. For instance, in June 2019, the company has signed a contract with Carbon Trust (UK) for design, initial testing and development of a high voltage dynamic export submarine cable in the UK. The company heavily invests in research & development to develop innovative solutions for the power cables. For instance, it has invested USD 183.5 million in 2017 for research & development, which reached USD 190.9 million in 2018.



