Welcome!

News Feed Item

Fuji Electric's Announcement of Capital Investments to Tusco Trafo, the Thai Transformer Manufacturer, to Strengthen Commitment in T&D Business in Asia

Fuji Electric Co., Ltd. (TOKYO:6504)(“FE”), headquartered in Tokyo, Japan, led by President, Michihiro Kitazawa, is pleased to announce that FE is going to make a capital investment to take majority share of Tusco Trafo group (“TUSCO”), headquartered in Samutprakarn, Thailand, through FE’s subsidiaries in Thailand, Fuji Electric Power Supply (Thailand) Co., Ltd. (“FPT”) and Fuji Electric (Thailand) Co., Ltd. (“FET”) as of October 1st, 2013.

1. Purpose

In Asia, investments in social and industrial infrastructure are growing, and foreign investments including those from Japan is accelerating. FE regards Asia a noteworthy area and aims big sales increase by meeting various demands from such investment. FE also tries to establish consistent value chain in the area from planning thorough manufacturing and to sales.

TUSCO is one of the most influential transformer manufacturers in Thailand, and has a good track record not only in Thailand, but also in South East Asia and Africa.

By taking majority stake of TUSCO, FE will make utmost use of the resources and expand power Transmission & Distribution business in Asia.

  • Expanding FE’s product line up
    FE will make the best use of the TUSCO’s latest facilities and, through FE’s licensing, expand FE’s line up of transformers as its own brand for social and industrial business fields with more competitiveness in price.
  • Expanding sales and service network
    FE will expand sales and meet customers’ demands for systems replacements by utilizing TUSCO’s sales and service network.
     

2. Description of Investee Company

 
(1)Company name

:

Tusco Trafo Co., Ltd.
(2)Year of establishment : 1996
(3)Location

:

Samutprakarn, Thailand

(4)Representative : Managing Director, Visit Cochasit
(5)Amount of sales

:

THB 1,174,000,000

(Approx. 4 billion yen at 3.4 JPY/THB) (FY2012)
(6)Number of employees : 251
(7)Description of business :

Manufacture, sales and maintenance service of transformers, switchboards and control panels

(8)Subsidiaries : Thai Union Switchboard Co., Ltd.
Tusco Copper Corporation Co., Ltd.
Thai Corrugate Co., Ltd.
Tusco Energy Co., Ltd.
 

3. Overview of Capital Participation

 

(1)New company name

  :   Fuji Tusco Co., Ltd.(To be changed after capital participation)
(2)Date of capital Participation (plan) : October 1, 2013
(3)Capitalization : THB 866,000,000
(Approx. 2.94 billion yen at 3.4 JPY/THB) (After capital participation)
(4)Representative : Managing Director, Visit Cochasit (the Founder)
(5)Shareholders : FE group total 67.7%(FPT 49.0% FET 18.7%)
Tusco Holding Co., Ltd 32.3%
 

Description of FE & its Subsidiaries

 
Fuji Electric Power Supply (Thailand) Co., Ltd. (FPT)
(1)Company name   :   Fuji Electric Power Supply (Thailand) Co., Ltd.
(2)Year of establishment : 1988
(3)Location : Pathumthani, Thailand
(4)Description of business : Manufacturing and sales of small- to medium-size UPS and internal power supplies
(New factory for power electronics products under construction in neighboring area)

(5)Shareholders

:

FE 100%

 
Fuji Electric (Thailand) Co., Ltd.(FET)
(1)Company name : Fuji Electric (Thailand) Co., Ltd.
(2)Year of establishment : 1995
(3)Location : Bangkok, Thailand
(4)Description of business : Sales and engineering of electric substation equipment, control panels, and other electric equipment
(5)Shareholders : FE & its subsidiaries 100%
 

About TUSCO

Tusco Group, a manufacturer of high quality distribution & power transformer and related products is head-quartered in Samutprakarn, Thailand. It was originally founded in 1981 by Managing Director, Visit Cochasit. Tusco group has steadily expanded its products line which supplied to Thailand domestic market and as well as exporting to more than 36 countries in Asia, Europe, The Middle East, Africa, and Australia.

About Fuji Electric

Fuji Electric Co., Ltd., headquartered in Tokyo, Japan, is a global company with businesses focused on electric power, industrial systems solutions, and public and industrial infrastructure since 1923. Moving forward, Fuji Electric strives to expand its business in energy and the environmental technologies by fusing and strengthening its core technologies. Please visit the Company’s website for further information: http://www.fujielectric.com/

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
IT organizations are moving to the cloud in hopes to approve efficiency, increase agility and save money. Migrating workloads might seem like a simple task, but what many businesses don’t realize is that application migration criteria differs across organizations, making it difficult for architects to arrive at an accurate TCO number. In his session at 21st Cloud Expo, Joe Kinsella, CTO of CloudHealth Technologies, will offer a systematic approach to understanding the TCO of a cloud application...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, d...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Connecting to major cloud service providers is becoming central to doing business. But your cloud provider’s performance is only as good as your connectivity solution. Massive Networks will place you in the driver's seat by exposing how you can extend your LAN from any location to include any cloud platform through an advanced high-performance connection that is secure and dedicated to your business-critical data. In his session at 21st Cloud Expo, Paul Mako, CEO & CIO of Massive Networks, wil...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyer belt between the Software Factory and production stages. Artifacts are m...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
SYS-CON Events announced today that App2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. App2Cloud is an online Platform, specializing in migrating legacy applications to any Cloud Providers (AWS, Azure, Google Cloud).
Cloud resources, although available in abundance, are inherently volatile. For transactional computing, like ERP and most enterprise software, this is a challenge as transactional integrity and data fidelity is paramount – making it a challenge to create cloud native applications while relying on RDBMS. In his session at 21st Cloud Expo, Claus Jepsen, Chief Architect and Head of Innovation Labs at Unit4, will explore that in order to create distributed and scalable solutions ensuring high availa...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...