22.07.2010

Fujikura: Joint venture for FTTH business in China

Currently, China is rapidly developing optical broadband networks, as indicated by the fact that the Chinese government has announced this year the planned fusion of the three services (communications, CATV, and the Internet), so that it is expected that the market for optical wiring equipment for optical networks will also be expanding rapidly, including equipment for FTTH.

As a strategy to expand our optical wiring equipment business in the wake of this rapid expansion of the market in China, we agreed to establish a joint venture company with Grandway, our general sales agent for fusion splicers in China, and recently concluded an agreement to that effect. Based on the exceptional technical strength we have in the development, design, and manufacturing of optical wiring equipment and on the robust business infrastructure Grandway has, we aim to overwhelm our rivals and dominate the market for optical network wiring equipment in China, and become a leader in the industry in the future.