(Japanese Site)
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| NEC Establishes Optical Fiber Communication Company
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April 27, 1998 (TOKYO) -- NEC Corp. established NEC Yamanashi Ltd. to produce and sell optical fiber
communications systems and components.
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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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