News Room 2007 (The former Furukawa-Sky)
Opening Ceremony Held for Our Chinese Subsidiary for Manufacturing Aluminum Extrusion Material for Automotive Heat Exchangers in China
April 9, 2007
On April 6, we held an opening ceremony for our wholly owned overseas subsidiary established in China, Furukawa-Sky Aluminum (Tianjin) Corp. (based in Tianjin in the People's Republic of China, under President Takeshi Nakayama) in its premises. About 100 guests and persons concerned from China and Japan attended the ceremony, including President and Chief Executive Officer Masateru Yoshihara of Furukawa-Sky.
By utilizing its high technical capabilities, the new subsidiary will respond to customer needs in China, where a rapid growth in demand is expected in the future.
| Established | : | April 11, 2005 |
|---|---|---|
| Location | : | Tianjin Xiqing Economic Development Area, People's Republic of China |
| Capital | : | 10 million U.S. dollars |
| Investment ratio | : | 100% by Furukawa-Sky Aluminum Corp. |
| President | : | Takeshi Nakayama |
| Employees | : | About 50 (at the onset of operation) |
| Lines of business | : | Manufacture of aluminum extrusion materials mainly for automotive heat exchanger materials |
| Site area | : | 34,572 m2 |
| Building area | : | 10,200 m2 |
| Production volume | : | About 250 tons per month (FY 2008 plan) |
| Targeted turnover | : | About 21 million U.S. dollars per year (FY 2010 target) |