1997 The former Hitachi Cable News Release
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The renewal of our copper strip equipment is underway.
We have started to update the copper strip equipment at our current base for copper material production; the Tsuchiura works, ( 3550 Kidamari - cho, Tsuchiura-shi, Ibaraki 300, Japan. General Manager: Mr. Hiroshi Abe). The renewal is taking place in response to the recent change in demand for copper strips, with a big growth in the electronic related field of copper strips expected, it is our aim to become even stronger in this area.
Broadly speaking the copper products our company deals with are: copper tubes, copper strips and copper bars and other copper products used in electrical machinery. In regard to copper strips, their usage for car radiators is set to almost disappear over the next 1 to 2 years as the aluminizing of car radiators becomes more and more common. On the other hand, the demand for copper strips used for semi-conductors, high precision copper foils used for lithium ionized batteries and copper strips used by overseas markets in submarine optical fiber cables and copper used in other such electronic related fields, will increase. A significant growth is expected in the medium to long term.
Moreover the tendency of the customer to demand higher efficiency and greater strength of copper strip related products in the electronic field is also going to increase. As for the copper makers, it is plain to see that the undertaking of increasing their competitiveness is of utmost importance. Based on these conditions we have decided to update our production equipment by focusing on the copper strip rationalization process and the making of larger scale coils.
| 1. | Capital Investment summary. | |
| 1. | New Hot Rolling Mill with heating furnace & renewal of annealing facilities. | |
| 2. | Modernization of casting facility. | |
| 3. | New cleaning & slitting lines & rationalization of existing lines. | |
| 4. | New production building, clean room & supplementary facilities. | |
| 2. | Total Investment: @ 7,000,000,000 yen | |
| 3. | New Construction Site: @ 6,000m2 (extension) | |
| 4. | Planned Completion Date: July 1998 | |
| 5. | Estimated Production Capacity after completion: 3,500 tons per month. | |