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October 24, 2003
Fujitsu General Limited
Public Relations Division
(NO.03-V02-25)
New motor business company establishment
with Jiangsu Little Swan Group Co., Ltd. in China
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This time, we have signed the joint venture agreement with Jiangsu
Little Swan Group Co., Ltd. (hereafter called "Little Swan Group"),
who is the Chinese powerful manufacturer of household electric
appliance, for the enhancement of our motor business, by which
is a key device of air conditioner, and the much further strengthening
of our competitiveness in our air conditioner business by which
being developed in the overseas market globally such as Europe,
Middle East, Asia, Australia and US not only the Japan-domestic
market.
Little Swan Group is showing their advantage as a No.1 manufacturer
of electric washing machine in Chinese-domestic sale mainly.
Moreover, they are handling the motor business mostly for the
electric washing machine from early time.
We have established the cooperative relationship with Little Swan
Group for the supply of the printed circuit board assembly of
control air conditioner.
And this time, Little Swan Group and we have also established
the joint company by combining each strong area of motor business.
New company is established at Jingjiang City, Jiangsu Province
near our Shanghai factory (Fujitsu General (Shanghai) Co., Ltd.)
We will gear up the production and sales of the DC motor for the
air conditioner, etc. by combining Fujitsu General's high-performance
motor technology and Little Swan Group's high-precision processing
technology and managerial technique etc.
The manufactured motors will be supplied fully to our Shanghai
factory by which our small capacity air conditioners are manufactured,
and will be also sold in the Chinese-domestic market and other
areas through Little Swan Group's sales channel and our Fujitsu
General's sales channel.
The new company will contribute much further enhancement to air
conditioner business and aim further expansion of motor business
in our Fujitsu General and also contribute the expansion and development
of motor business in Little Swan Group.
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| Photo:Panorama of new company: "F.G.L.S. Electric Co., Ltd." |
- Corporate name: F.G.L.S. Electric Co., Ltd.
- Establishment: December 2003 (schedule)
- Representative:
| President: |
Hisao Igarasi (Fujitsu General Limited) |
| Director : |
Fujitsu General: Three directors
Jiangsu Little Swan Sanjiang Electric Appliances Co.,
Ltd.: Two directors |
- Investment ratio:
Fujitsu General Ltd.: 50%
Jiangsu Little Swan Sanjiang Electric Appliances Co., Ltd.:
50%
- Location:
Headquarters:
NO.8, JiangZhou Road, Economic Development Zone, Jingjiang City,
Jiangsu Province, P.R.China
- Scope of business:
Production and sales of worldwide motors for air conditioner
and household electric appliances
- Settling term: December 31
- Capital stock: US $6.3 million (About ¥730 million, 1$
= ¥116)
- Factory scale:
- Factory land area: About 50,000 square meter
- Building area: About 25,000 square meter
- Production scale:2 million units at the first year
Aiming 5 million units three years late
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| 2 :Reason for new company
establishment |
We have developed worldwide air conditioner business positively
corresponding to the market environment by which changing at a high
speed.
For correspondence to the business environment like this, we established
Fujitsu General (Thailand) Co., Ltd. (Thailand factory) as for the
main factory of middle-scale and large-scale air conditioner production
in 1991.
Moreover, we constructed successively the Shanghai factory at Shanghai,
China as for the main factory of small-scale air conditioner in
1994.
Both factories have been operated smoothly now, air conditioners
have been manufactured at both factories and supplied for the world
market more than the Japanese market.
On the other hand, we established FGA (Thailand) Co., Ltd. in Thailand
for the manufacturing factory of the motor for middle-scale and
large-scale air conditioner in 1999, and the manufactured motors
have been supplied fully to the Thailand factory (Fujitsu General
(Thailand) Co., Ltd.).
In the Shanghai factory, the motors such as high-performance DC
motor etc. which are installed in the air conditioner for Japanese
market air conditioner models are supplying from Aomori Fujitsu
General in Japan mainly.
However, there are more accelerating market changes, necessities
of prompt action to cost down requirement and the procurement and
also materials itself and processing technology have been developed
in China.
Therefore, we have determined manufacturing the high-performance
DC motor and other motor applied products by making to establish
the new company jointing with Little Swan Group in China at this
time.
As a result, the manufacturing and the supply system of the small-size
motor in China will be established, and the optimum location manufacturing
and supply system for air conditioner's key devices will be constructed.
As for the establishment of new company, it will make to enhance
the motor business and the air conditioner business, and also, it
will make to take more strong competitive power in the world market
for our Fujitsu General.
Moreover, we will aim the expansion and development with Little
Swan Group in the motor business. |
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