Furukawa Electric Power Systems


Joint venture company established in Vietnam

November 9, 2015

Furukawa Electric Power Systems Co., Ltd. (FEPS) has established a joint venture company, Vietnam Japan Power Systems Co. Ltd. (VJPS). It is planned to begin operating during the 2017 fiscal year.

VJPS will receive control of the existing power components business from its merger partner, Power Engineering Joint Stock Company (PEC). VJPS will use FEPS’s 220 kV and higher transmission component technologies to manufacture 220 kV and higher transmission components in Vietnam. In addition to providing components for use in Vietnamese power grids, VJPS plans to export products to Japan and other third countries and will position a global manufacturing site in the power transmission/transformation field.

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