July 1, 2004
Fuji Electric FA Components & Systems Co., Ltd and Schneider Electric announced today that they have formed a partnership for the manufacturing of commonly designed low voltage circuit breakers (MCCB) in a newly inaugurated industrial facility located in the city of Dalian, China.
This new entity, named Schneider Fuji Breakers Dalian Co., Ltd. (SFBD), was established with a capital of $6 million.
It is owned 60% by Schneider Electric and 40% by Fuji Electric FA Components & Systems and will employ 160 people.
Leveraging partnership to accelerate the launch of more compact products, with increased performance and lower cost
MCCB is one of the major components in the field of electrical distribution.
Fuji Electric FA Components & Systems has been developing the electrical distribution business since many years, having a wide-varied product range from the low interrupting capacity to the high interrupting capacity with a long experience especially in the Japanese market, and is focusing the new development of the business in the Chinese and Asian market in addition to the Japanese market.
Schneider Electric offers a broad, consistent range of low voltage circuit breakers worldwide, with products meeting standard requirements around the world, notably IEC European standards and NEMA North American standards.
By combining their know-how and volumes, the two partners have developed a high-quality product with superior price competitiveness and the first product manufactured will be a 250AF frame MCCB, and further widening of the range is planned.
The joint-venture is expected to reach a manufacturing capacity of more than 600,000 units per year within a few years.
Both companies will sell products manufactured by the joint-venture under their own brands and through their own sales networks.
Launches will start in China in July 2004, to be gradually extended to other Asian countries.
For further information, please contact:
Fuji Electric FA Components & Systems Co., Ltd.
Tel: +81 (0)3 5435 7141Fax: +81 (0)3 5435 7433