Shin-Etsu, Yangtze form optical fibre preform JV in China
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Shin-Etsu, Yangtze form optical fibre preform JV in China

11:53 AM, 24th June 2015
Shin-Etsu, Yangtze form optical fibre preform JV in China

TOKYO, JAPAN: Shin-Etsu Chemical Co Ltd said it will establish a joint-venture company with Yangtze Optical Fibre and Cable Joint Stock Ltd Co (YOFC) and that the new JV company will construct a plant for optical fibre preform, a key material for optical communications.

The new joint-venture company Shin-Etsu YOFC Optical Preform Co Ltd, located in Qianjiang city, Hubei province, China (about 150 km west of Wuhan city), will engage in the manufacture and sales of optical fibre preform.

Scheduled to be established in August and begin operations at the end of 2016, the JV will have a capital of ¥8 billion and the total investment amount is expected to be about ¥12.5 billion, it said.

Shareholding for the JV is Shin-Etsu Chemical:YOFC; 51:49 percent, with a production capacity of 15,000,000 km per year of optical fibre, Shin-Etsu said.

With the operation of the new plant, Shin-Etsu Chemical’s production capacity of optical fibre preform will increase by about 40 percent over its present level, the company said.

In China, with the increase in the volume of communication data along with the development of the country’s infrastructure, demand for optical fibre is greatly expanding. The complementary interests of Shin-Etsu Chemical in strengthening its sales of optical fibre preform in China and YOFC in expanding the manufacturing and sales of optical fibre and optical fibre cable led to the establishment of this new joint-venture company.

“Shin-Etsu Chemical, which is strong in the optical fibre preform business and YOFC, China’s largest optical fibre maker, have joined together in this venture to further develop our businesses in these fields,” said Shunzo Mori, president, Shin-Etsu Chemical.

“Looking towards the prospects for the future, the competition in both domestic and global optical fibre and optical cable markets is expected to become more severe; however, market demand for YOFC’s products is expected to grow, and we are still optimistic about the prospects for the continued steady growth of the industry,” said Zhuang Dan, president and general manager, YOFC.

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