News Room 2010 (The former Furukawa-Sky)
Coil Center Established in Thailand
February 24, 2010
Furukawa-Sky established a 100% owned company as a coil center near Bangkok, Thailand, on February 4, 2010, with the main objective of expanding the processing and sales of aluminum products for automotive heat exchangers. The new company will initially undertake the slit processing of coils supplied by Furukawa-Sky's manufacturing site in Japan and sheet rolling joint venture in China, and eventually expand its operations to meet customer needs.
Demand for automobiles in Southeast Asia and India is expected to show significant growth. Furukawa-Sky intends to respond proactively to growing demand for rolled aluminum products used in automotive heat exchangers and other applications and to develop new customers through direct operations in the region.
Furukawa Sky will also seek to respond to the diverse aluminum material needs of customers in the region by strengthening sales in conjunction with extrusion products manufactured by its Indonesian joint venture, PT Furukawa Indal Aluminum Co., Ltd. (President: Akinori Yoshida; capital: US$4 million; established March 1998).
| Company name | : | FURUKAWA-SKY ALUMINUM (THAILAND) CO., LTD. |
|---|---|---|
| Location | : | Rojana Industrial Park, Ayutthaya Province, Thailand |
| President (part-time) | : | Kunitoshi Chonan (Deputy Chief Director of Sales, Director, Furukawa-Sky) |
| Capital | : | THB 160 million (approximately ¥480 million) |
| Investment ratio | : | 100% by Furukawa-Sky Aluminum Corporation |
| Establishment | : | February 4, 2010 |
| Start of operations | : | December 2010 (scheduled) |
| Business | : | Processing and sale of rolled aluminum products |
| Production volume | : | Approximately 300 tons per month (2013 target) |
| Sales | : | Approximately THB 550 million (approximately ¥1.7 billion) (2013 target) |
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