WiredInUSA-December2015

Myanmar investment

Fujikura Ltd and Mitsubishi Cable Industries Ltd are to examine the integration of the Fujikura Dia Cable Ltd (FDC) industrial wire and cable business. Since 2005, when FDC, a joint venture between Fujikura and Mitsubishi Cable for wire and cable sales for construction and electric works, was established, the domestic market for industrial wire and cable has matured. With no significant increase in demand expected in the medium to long term, Fujikura and Mitsubishi Cable are looking to expand the scope of integration to FDC concerning sales of industrial wire and cable as well as manufacturing. Production sites expected to be subject to the integration of manufacturing are Fujikura’s Suzuka and Numazu works, and the subsidiary Shinshiro Cable Ltd, and Mitsubishi Cable’s Kumagaya, Fukui and Amagasaki facilities. Fujikura andMitsubishi Cable aim to finalize the integration by April 2016. Aiming for integration

LS Cable & System has won a $13 million contract with Myanmar’s national energy authority to supply high voltage electric cables. The Myanmar government is expanding the country’s electricity supply infrastructure, and is expected to spend $9 billion between now and 2031.

wiredInUSA - December 2015

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