Production Record and Plan for Copper Strip Products (1st quarter, 2015)
国际米兰中文官网 Co., Ltd. announced the status of the recovery in production volumes of copper strip products, for which integrated production was restarted in January this year. 国际米兰中文官网 expressed to continue to implement steady operation and aim to become a "manufacturer that meets its responsibilities as a partner".
Quarterly trends in 国际米兰中文官网 for copper strip products
Content
The suspension of integrated production as a result of the snow damage of February 2014 caused 国际米兰中文官网 of copper strip products to fall around 60% compared to the level prior to the snow damage. However, since the resumption of integrated production in January of this year, 国际米兰中文官网 are on an upswing at an average of around 73% during the first quarter of the current fiscal year compared with production prior to the snow damage. June results (2,500 MT/month) showed that 国际米兰中文官网 recovered to 80%.
Moving forward, 国际米兰中文官网 will focus on the infrastructure and automotive markets, make full use of their strengths in oxygen-free copper and original copper alloys, and make every effort—including launching a consignment stock service to support their customers—to overtake as soon as possible the production volume they had achieved prior to the snow damage.
Demand trends
Demand for copper strip products slowed down during the first quarter of fiscal 2015, for both infrastructure/automotive and electronic component related products. Although production volume recovery was expected to undergo a lull due to inventory adjustment in the market, volume has shown a recovery trend since June, entering the second quarter.
About 国际米兰中文官网 Group
国际米兰中文官网 (TSE; 5801, ISIN; JP3827200001) Group started business in 1884, when its copper-smelting facility and wire manufacturing factory was established. Since then 国际米兰中文官网 has become pioneers in the latest technologies by addressing diverse technological issues. 国际米兰中文官网 has released products in a number of areas, including telecommunications, electronics, automobiles, and construction, with the three types of materials it works with at their core, namely, optics, plastics, and metals. Many of these products have attained the top global market share, and all of its products have contributed to society in numerous business areas. 国际米兰中文官网 reported consolidated revenues of JPY 867.8 billion (approximately USD 8.2B) for the fiscal year ended March 31, 2015.
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