090430IWCC(Japanese Copper Fabricating Industries in Asia) 09 Mr.Shibata.pdf · Consumption of...
Transcript of 090430IWCC(Japanese Copper Fabricating Industries in Asia) 09 Mr.Shibata.pdf · Consumption of...
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Japanese Copper Fabricating Industries Japanese Copper Fabricating Industries in Asiain Asia
International Wrought Copper CouncilJoint Meeting in Seoul
May 11, 2009
The Furukawa Electric Company LimitedMitsuyoshi Shibata
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Today’s Presentation
1) Brief Introduction of Furukawa Electric2) Japanese Wire and Cable Industry in Asia3) Furukawa’s Exodus 1: Automotive Wire
Harness Assembly4) Japanese ACR Copper Tube Industry in Asia5) Furukawa’s Exodus 2: ACR Copper Tube
1)1) Brief Introduction of Furukawa ElectricBrief Introduction of Furukawa Electric2)2) Japanese Wire and Cable Industry in AsiaJapanese Wire and Cable Industry in Asia3)3) FurukawaFurukawa’’s Exodus 1: Automotive Wire s Exodus 1: Automotive Wire
Harness AssemblyHarness Assembly4)4) Japanese ACR Copper Tube Industry in AsiaJapanese ACR Copper Tube Industry in Asia5)5) FurukawaFurukawa’’s Exodus 2: s Exodus 2: ACR Copper Tube ACR Copper Tube
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Founder, Mining・Smelting・Refining
Mining・Smelting・Machinery
Wire & Cables・Non Ferrous Metals
Power Electric Devices
Computers・Telecom DevicesRubber・Tires
Chemicals・Food
Petrochemicals・Plastics
Aluminum
Ichibei Furukawa
Fujitsu
Fuji Electric
Furukawa Co.
Zeon Corp.
ADEKA
Furukawa Electric
Furukawa Group
Nippon Light Metal
Yokohama Rubber
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FURUKAWA ELECTRIC EUROPE LTD.(FEEL)
FURUKAWA SHANGHAI LTD.(FSL)
FURUKAWA ELECTRIC HONG KONG LTD.(FEHK)
FURUKAWA ELECTRIC SINGAPORE PTE.LTD.(FES)
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- Asia: 49- American Continent: 13- Europe:5
- Asia: 49- American Continent: 13- Europe:5
Operation base: 67 bases over 18 countries
Company name: The Furukawa Electric Co., Ltd.
President: Masao Yoshida
Foundation: 1884
Net sales: JPY 1,174 billion (FY2007)
Employees: 37,669 (as at end of Mar. 2008)
Company name: The Furukawa Electric Co., Ltd.
President: Masao Yoshida
Foundation: 1884
Net sales: JPY 1,174 billion (FY2007)
Employees: 37,669 (as at end of Mar. 2008)
Profile
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Innovations in Copper
1884:Copper refinery business
initiated
1960:Copper tubesfor heat exchangers
1995:Micro heat pipes
Tubes
CO2 coolant tubes1973:Insulated copper tubes
2000:“EFTEC-97”
1969: SCR copper wire rod
2006:Thin copper alloy wires
Strips
201x: Ultra-thin, high-strength and high-ductility copper alloy
Wires
2001:
1970:“EFTEC-3”
1990:Palladium plating for leadframes
2000:Precious strip plating
1985:Contact material
Foil
1983:Tin plating copper alloy for connectors
Plating
1967:Research on superconducting wires
SuperConductivity1987:
Research on high temperature superconductivity
1956:Electrodeposited copper foil
Copper alloy for CPU pins
First in the world
First in the world
First in the world
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Three core materials across Five business segmentsThree core materials across Five business segmentsCopper Products(17%) Telecommunications (13%)
Electronics & Automotive systems (21%)
Automotive Wire harness & Components
60%
Aluminum Products (20%)
Strips & Sheets
40%
Energy & Industrial products (25%)
Copper Wire Rod & Power cables
80%
Tubes
45%
Foils
15%
Photonics devices
& network components
40%
General roll sheet and Compressor
wheels
60%
Electronics components, Magnet Wire and Blanks for
hard disk40%
Plastic tapesfor semiconductor
& Foam products
20%
PhotonicsPhotonics
MetalsMetals PolymersPolymers
Note: (XX%) shows sales ratio (Excluding Services and elimination to consolidated sales)
Business
Aluminum Beverage Can
sheet
30%
Aluminum thin platefor LNG tanker
10%
Optical fiber cables &
Telecom cables
60%
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FCFT (Taiwan)Copper Foil
Capacity;1000mt
FCFT FCFT ((TaiwanTaiwan))Copper Foil
Capacity;1000mt
TMS (Indonesia)Wire Rod
Capacity; Cu 8800mtAl 1500mt
TMS TMS ((IndonesiaIndonesia))Wire Rod
Capacity; Cu 8800mtAl 1500mt
FES (Singapore)Purchasing OfficeFES FES ((SingaporeSingapore))
Purchasing OfficePurchasing Office
FEMM (Malaysia)Magnet Wire
Capacity;1100mt
FEMM (MalaysiaFEMM (Malaysia))Magnet Wire
Capacity;1100mt
CFT (Vietnam)Wire Rod
Capacity;4500mt
CFT CFT ((VietnamVietnam))Wire Rod
Capacity;4500mt
FMT (Thailand)ACR Tube
Capacity;2500mt
FMT (Thailand)FMT (Thailand)ACR Tube
Capacity;2500mt
FSL (Shanghai)Purchasing OfficeFSL (Shanghai)FSL (Shanghai)
Purchasing Office
Consumption of Refined Copper for Asian Operations
Furukawa ElectricWire Rod 20000mt
Strips & Sheet 5000mtCopper Foil 1000mt ACR Tube 2500mt
Furukawa ElectricFurukawa ElectricWire Rod 20000mtWire Rod 20000mt
Strips & Sheet 5000mtStrips & Sheet 5000mtCopper Foil 1000mt Copper Foil 1000mt ACR Tube 2500mtSSC (Shanghai)
ACR TubeCapacity;2200mt
SSC SSC ((ShanghaiShanghai))ACR Tube
Capacity;2200mt
FMW (Wu Xi)Copper Strip
Capacity;1000mt
FMW FMW ((Wu XiWu Xi))Copper Strip
Capacity;1000mt
FPZ (Zhongshan)Plated ProductsFPZ (FPZ (ZhongshanZhongshan))
Plated Products
Alpha (Malaysia)Wire Rod
Capacity;5500mt
Alpha Alpha ((MalaysiaMalaysia))Wire Rod
Capacity;5500mt
SKMC (Shanghai)Fabricated Tube ProductsSKMSKMC (Shanghai)C (Shanghai)
Fabricated Tube Products
OMT (Thailand)Fabricated Tube Products
OMT (Thailand)OMT (Thailand)Fabricated Tube Products
OMM (Malaysia)Fabricated Tube Products
OMM (Malaysia)OMM (Malaysia)Fabricated Tube Products
PAMFabricated Tube ProductsPPAMAM
Fabricated Tube Products
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Copper Wire & Cable Production in Japan
(Source:The Japanese Electric Wire & Cable Makers' Association)
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
194919
5119
5319
5519
5719
5919
6119
6319
6519
6719
6919
7119
7319
7519
7719
7919
8119
8319
8519
8719
8919
9119
9319
9519
9719
9920
0120
0320
0520
0720
09(E
)Tons pa
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
M illion JPY pa
O thers
Building
Autom otive
Electronic
Pow er
Telecom
Value (RHS)
Export
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Export/Import of wire & cable of Japan
(Source: Japan Electric Wire & Cable Trading Association)
-150,000
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
1998 1999 2000 2001 2002 2003 2004 2005 2006
tons
Im port
Export
B alance
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Export/Import of Japan by Regions
(Source:The Japanese Electric Wire & Cable Makers' Association) Units: million JPY
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
IMPORTOthersEurope
North America
Other AsiaIndonesia
PhilippinesThailand
Vietnam
China
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
EXPORTOthers
Europe
North America
Other Asia
Malaysia
Philippines
Hong Kong
China
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Production Transfer of Japanese Wire&Cable Industry
(Source:The Japanese Electric Wire & Cable Makers' Association)0
50
100
150
200
250
1975 1985 1995 2000 2005 2006 2007 2008
ASIAKorea
Singapore
India
Taiwan
Philippine
Vietnam
Hong Kong
Malaysia
Indonesia
Thailand
China
0
50
100
150
200
250
300
350
Number of Operations
1975 1985 1995 2000 2005 2006 2007 2008
WORLDOthers
North America
Europe (14)
Asia (11)
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Sales of Asian Operations
EXPO RT TOJAPAN26%
LO C ALSALES48%
N. AM ERIC A9%
ASIA14%
O TH ER S
1%
EU R O PE2%
THIRDC O UNTRIES
25%
EXPO RT TOJAPAN26%
LO C ALSALES48%
N. AM ERIC A9%
ASIA14%
O TH ER S
1%
EU R O PE2%
THIRDC O UNTRIES
25%
N . A M ER IC A9%
EX P O R T T OJA P A N39%
LO C A LS A LES48%
EU R O P E1%
T H IR DC O U N T R IES
12%
A S IA3%
N . A M ER IC A9%
EX P O R T T OJA P A N39%
LO C A LS A LES48%
EU R O P E1%
T H IR DC O U N T R IES
12%
A S IA3%
EXPO RT TOJAPAN24%
LO CAL SALES53%
N. AM ERICA20%
ASIA2%
EURO PE1%
THIRDCO UNTRIES
23%
EXPO RT TOJAPAN24%
LO CAL SALES53%
N. AM ERICA20%
ASIA2%
EURO PE1%
THIRDCO UNTRIES
23%
154 Japanese Wire & Cable OperationsIn Eleven Asian Countries in 2006
1) ASIA Total (154) 932 billion JPY 2) CHINA (65) 248 billion JPY3) NON-CHINA (89) 684 billion JPY
154 Japanese Wire & Cable OperationsIn Eleven Asian Countries in 2006
1) ASIA Total (154) 932 billion JPY 2) CHINA (65) 248 billion JPY3) NON-CHINA (89) 684 billion JPY
ASIA
CHINA NON-CHINA
(Source:The Japanese Electric Wire & Cable Makers' Association)
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Asian Operations by Product Sectors
(Source:The Japanese Electric Wire & Cable Makers' Association)
WireRod
MagnetWire
ElectronicWire
TelecomCable
PowerCable
BuildingWire
WireHarness
China 7 7 42 9 3 11 25Korea 0 1 1 0 0 0 1Taiwan 3 3 5 1 0 1 1
Thailand 5 7 12 3 2 4 4Hong Kong 0 3 14 2 0 1 1
Vietnam 1 0 6 0 0 0 8India 1 0 1 1 1 0 5
Singapore 3 2 3 0 0 2 1Malaysia 2 6 7 1 2 3 3Philippines 0 2 2 0 0 0 10
Indonesia 5 2 7 0 0 1 8ASIA Total 20 26 58 8 5 12 42
Wire Rod12%
Magnet Wire15%
Electronic Wire33%
Telecom Cable5%
Power Cable3%
Building Wire7%
Wire Harness25%
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Production Transfer of Japanese Car Makers
ProductionIn Overseas
Production In Japan
0
5,000
10,000
15,000
20,000
25,000K/YEAR
1980 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006
PRODUCTION OF JAPANESE CAR MAKERS
OVERSEAS PRODUCTION OF JAPANESE CAR MAKERS
0
2,000
4,000
6,000
8,000
10,000
12,000
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
OTHERS
USA
ASIA
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Exodus 1-1 (Automotive Wire Harness Assembly)
1st Stage (from mid 1980s to mid 1990s)
(Background) Japan-US trade friction and strong Japanese Yen after
Plaza Accord made Japanese car makers accelerated to transfer productions in North America.
For survival in labor intensive wire harness assembly business, we needed to find an assembly location with a lower cost.
1st1st Stage (from mid 1980s to mid 1990s)Stage (from mid 1980s to mid 1990s)
(Background) Japan-US trade friction and strong Japanese Yen after
Plaza Accord made Japanese car makers accelerated to transfer productions in North America.
For survival in labor intensive wire harness assembly business, we needed to find an assembly location with a lower cost.
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Exodus 1-2
1st Stage (from mid 1980s to mid 1990s)
(Actions) To start wire harness assembly in the Guandong area in
China, with an OEM partner in Hong Kong for avoiding business risks
To supply wires and components from Japan, assemble in China, and ship back to Japan, utilizing trade system in South China and Hong Kong
Small size plant with one tenth of labor cost and limitedinvestment, exclusively for the Japanese domestic market
1st1st Stage (from mid 1980s to mid 1990s)Stage (from mid 1980s to mid 1990s)
(Actions) To start wire harness assembly in the Guandong area in
China, with an OEM partner in Hong Kong for avoiding business risks
To supply wires and components from Japan, assemble in China, and ship back to Japan, utilizing trade system in South China and Hong Kong
Small size plant with one tenth of labor cost and limitedinvestment, exclusively for the Japanese domestic market
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Exodus 1-3
2nd Stage (from mid 1990s to early 2000s)
(Background) Further severe competition in Japan Japanese car makers started to transfer plants to Asia
(Actions) 100% owned larger size wire harness assembly plant in
Vietnam for demand in Japan, combined with local production of wire and components
Collaboration with local assemblers in Asian countries for local production of Japanese car makers
2nd2nd Stage (from mid 1990s to early 2000s)Stage (from mid 1990s to early 2000s)
(Background) Further severe competition in Japan Japanese car makers started to transfer plants to Asia
(Actions) 100% owned larger size wire harness assembly plant in
Vietnam for demand in Japan, combined with local production of wire and components
Collaboration with local assemblers in Asian countries for local production of Japanese car makers
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Exodus 1-4
3rd Stage (from mid 2000s to Now)
(Background) Expecting large potential growth of car consumption in Asia Local car makers expanded production in this region
(Actions) The most appropriate production for global demand,
including global production for wire and components Collaboration with local assemblers for domestic production
of local car makers as well as Japanese
3rd Stage (from mid 2000s to Now)
(Background) Expecting large potential growth of car consumption in Asia Local car makers expanded production in this region
(Actions) The most appropriate production for global demand,
including global production for wire and components Collaboration with local assemblers for domestic production
of local car makers as well as Japanese
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Brass Mill Production in Japan
(Source: Japan Copper and Brass Association)
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007
To
n p
er
year
WIRES
BARS
TUBES
STRIPS
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007
To
n p
er
year
WIRES
BARS
TUBES
STRIPS
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Aircon sales in Japan and Japanese Copper Tube Production in Japan and Asia
CHINA2 Companies
CHINACHINA22 CompaniesCompanies
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Unit p
er ye
ar
IMPORT
JAPANESE
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Unit p
er ye
ar
IMPORT
JAPANESE
THAILAND3 Companies
THAILANDTHAILAND3 Companies3 Companies
MALAYSIA2 CompaniesMALAYSIAMALAYSIA
2 Companies2 Companies
Copper Tube Productionat 7 Japanese Operations in Asia
5,000
25,000
45,000
65,000
85,000
105,000
125,000
2002 2003 2004 2005 2006
To
n p
er
ye
ar
50000
100000
150000
200000
250000
300000
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Ton p
er
year
50000
100000
150000
200000
250000
300000
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Ton p
er
year
JAPAN 4 Companies
(Source: Japan Copper and Brass Association)
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World Demand for Aircon
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Exodus 2-1 (ACR Tubes)
Period: Decade from mid of 1980s
Our actions
To establish the fabrication of ACR component operations in Malaysia. ACR tubes exported to Thailand from Japan, but lost price competitiveness
due to high import duties. To start local production at the strong request of our customers
Our actions
To establish the fabrication of ACR component operations in Malaysia. ACR tubes exported to Thailand from Japan, but lost price competitiveness
due to high import duties. To start local production at the strong request of our customers
Market situations
Japanese ACR manufacturers transferred production sites to SE Asia, by growth of the ACR market and appreciation of Japanese Yen
Components makers were asked to transfer operations to supply parts locally: the same structure as the car manufacturing industry
Market situations
Japanese ACR manufacturers transferred production sites to SE Asia, by growth of the ACR market and appreciation of Japanese Yen
Components makers were asked to transfer operations to supply parts locally: the same structure as the car manufacturing industry
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Exodus 2-2 (ACR Tubes)
Period: From mid of 1990s until now
Market situations
ACR market surprising growth in China Japanese ACR manufacturers transferred production in China. Importing products from China and SE Asia, due to the fall of prices in the
Japanese market. Demand of ACR tubes in China and SE Asia is increasing, despite
declining in Japan
Market situations
ACR market surprising growth in China Japanese ACR manufacturers transferred production in China. Importing products from China and SE Asia, due to the fall of prices in the
Japanese market. Demand of ACR tubes in China and SE Asia is increasing, despite
declining in Japan
Our actions
To establish a joint venture plant with Hitachi for ACR tubes in Shanghai Fabricating ACR components operation in Shanghai and Guangdong
Our actions
To establish a joint venture plant with Hitachi for ACR tubes in Shanghai Fabricating ACR components operation in Shanghai and Guangdong
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Business Opportunities and Threats
Threats and Risks
Rising labor cost and energy cost Unstable political situations Global economy weakness Sudden change of Taxation AFTA Fluctuation of exchange rates High copper price and high volatilities Material substitutions
Threats and Risks
Rising labor cost and energy cost Unstable political situations Global economy weakness Sudden change of Taxation AFTA Fluctuation of exchange rates High copper price and high volatilities Material substitutions
Opportunities
Diffusion of ACR and increase of demand of higher functional copper tubes for energy conservation
Growth of emerging markets Development of application of heat-pump technology to hot water supply
systems
Opportunities
Diffusion of ACR and increase of demand of higher functional copper tubes for energy conservation
Growth of emerging markets Development of application of heat-pump technology to hot water supply
systems
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Now and Future
Production of copper wire and cable in Japan dropped to 765 kt (minus 10.6% yoy)
Forecast for 2009 will be 705 k tons (minus 7.9% yoy), assuming GDP change is minus 4.4%
Production of brass mills in Japan dropped to less than 810 kt in 2008, at the same level of 1982, due to the effect of the global recession
Forecast for 2009 is 600-700 kt, since no recovery in demand is expected
Production of copper wire and cable in Japan dropped to 765 kt (minus 10.6% yoy)
Forecast for 2009 will be 705 k tons (minus 7.9% yoy), assuming GDP change is minus 4.4%
Production of brass mills in Japan dropped to less than 810 kt in 2008, at the same level of 1982, due to the effect of the global recession
Forecast for 2009 is 600-700 kt, since no recovery in demand is expected
(Source: Japan Copper and Brass Association)
(Source:The Japanese Electric Wire & Cable Makers' Association)
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Now and Future
In the short term each company tries to restructure to reduce surplus inventory, employment, and capacity
In the long term global consolidation in various areas of copper fabricating industries may happen to dissolve surplus capacity resulting from global competition and sluggish markets
Critical circumstances may generate new business opportunities for copper fabricating industries, such as solar power generation and batteries, hybrid and electric cars, LED lighting, eco-electronic home appliances, and super conductivity by utilizing cutting edge technology
Asian markets such as China, India, Thailand, and Indonesia will no doubt drive copper consuming markets.
In the short term each company tries to restructure to reduce surplus inventory, employment, and capacity
In the long term global consolidation in various areas of copper fabricating industries may happen to dissolve surplus capacity resulting from global competition and sluggish markets
Critical circumstances may generate new business opportunities for copper fabricating industries, such as solar power generation and batteries, hybrid and electric cars, LED lighting, eco-electronic home appliances, and super conductivity by utilizing cutting edge technology
Asian markets such as China, India, Thailand, and Indonesia will no doubt drive copper consuming markets.
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Conclusions
Asia and China are not only the “world factory” but also the “world market” despite weakness in the world economy
Asia is no more the export base to USA, EU, and Japan, but the largest consuming region
Copper related industries are dependent on the Asian market
Asia is not a mature region but is expecting further development
Technology innovation for an environmentally-friendlysociety will generate new copper application demands.
Asia and China are not only the “world factory” but also the “world market” despite weakness in the world economy
Asia is no more the export base to USA, EU, and Japan, but the largest consuming region
Copper related industries are dependent on the Asian market
Asia is not a mature region but is expecting further development
Technology innovation for an environmentally-friendlysociety will generate new copper application demands.
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Thank you
Any Questions?