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(Japanese Site)

  • NEC Establishes Optical Fiber Communication Company
  • April 27, 1998 (TOKYO) -- NEC Corp. established NEC Yamanashi Ltd. to produce and sell optical fiber communications systems and components.
    The new company, located in Yamanashi City, Japan, started operations in April 1998.

    NEC Yamanashi is a wholly-owned subsidiary that unifies NEC's Yamanashi and Otsuki plants. It handles parts production to systems assembly.

    NEC projects that sales of the new subsidiary will reach 100 billion yen (US$765 million) in FY98. It is capitalized at 3 billion yen (US$23 million) and has 1,100 employees.

    NEC is now constructing one more plant on the premises of the Otsuki plant by investing about 10 billion yen (US$76.5 million). The plant is about to be completed in May 1998. With the new plant, NEC will be able to double its components-producing capacity.

    (Nikkei Electronics)

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    Updated: Sun Apr 26 19:10:20 1998