"Nihon Keizai Shimbun" reported a few days ago that Japan's Furukawa Electric announced that it would convert its fiber optic cable manufacturing and sales business from sole proprietorship to a joint venture, and sold its 49% stake in Guanghe Electric (Xi'an) Optical Communication, a wholly-owned subsidiary of Xi'an, to Jiangsu. Hengtong Photoelectric, 2% of the shares sold to Wujiang Lianyu Industrial Materials. The amount of the sale of shares may reach 5-10 billion yen. Furukawa Electric and Jiangsu Hengtong jointly run a new company and Wujiang Lianyu does not participate in the operation.
Furukawa Electric is the third largest cable manufacturer in the world, but its market share in China is nearly 2%. Furukawa Electric believes that in the development of the Chinese market, local companies have advantages and it is difficult for foreign companies to expand their market scale alone. Through cooperation with Jiangsu Hengtong, which has a market share of 15%, it plans to double its sales in China within three years to 3 billion yen. (
Furukawa Electric is the third largest cable manufacturer in the world, but its market share in China is nearly 2%. Furukawa Electric believes that in the development of the Chinese market, local companies have advantages and it is difficult for foreign companies to expand their market scale alone. Through cooperation with Jiangsu Hengtong, which has a market share of 15%, it plans to double its sales in China within three years to 3 billion yen. (
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