|By Business Wire||
|July 25, 2013 03:01 AM EDT||
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.
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
|Tusco Trafo Co., Ltd.|
|(2)Year of establishment||:||1996|
|(4)Representative||:||Managing Director, Visit Cochasit|
|(5)Amount of sales||
|(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|
|(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|
|(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)|
|Fuji Electric (Thailand) Co., Ltd.(FET)|
|(1)Company name||:||Fuji Electric (Thailand) Co., Ltd.|
|(2)Year of establishment||:||1995|
|(4)Description of business||:||Sales and engineering of electric substation equipment, control panels, and other electric equipment|
|(5)Shareholders||:||FE & its subsidiaries 100%|
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/
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 26, 2016 03:15 AM EDT Reads: 1,398
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 26, 2016 02:15 AM EDT Reads: 1,930
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 26, 2016 01:30 AM EDT Reads: 1,661
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Aug. 26, 2016 01:15 AM EDT Reads: 2,006
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 26, 2016 01:00 AM EDT Reads: 1,944
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th 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 wait for long dev...
Aug. 26, 2016 12:45 AM EDT Reads: 2,245
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 26, 2016 12:30 AM EDT Reads: 2,896
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 25, 2016 11:45 PM EDT Reads: 2,274
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 25, 2016 10:45 PM EDT Reads: 1,867
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 25, 2016 10:15 PM EDT Reads: 1,713
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 25, 2016 09:15 PM EDT Reads: 2,197
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 25, 2016 09:00 PM EDT Reads: 1,698
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aug. 25, 2016 06:30 PM EDT Reads: 1,934
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Aug. 25, 2016 05:15 PM EDT Reads: 692
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 25, 2016 04:15 PM EDT Reads: 477