Schneider and Fuji form joint venture in Japan
Schneider Electric and Fuji Electric have expanded their joint venture program, with Fuji Electric including its ED&C (Electrical Distribution and Control) operations in Japan and Asia and Schneider Electric contributing most of its Japanese operation and a circuit-breaker production line in Thailand.
Fuji Electric will hold a 60–40 shareholding majority in the venture.
The enterprise will cover product development, manufacturing, marketing and sales with a global workforce of around 3000 people and revenues of more than ¥70 billion (approximately AU$750 million).
The parties intend to finalise the negotiation of their different agreements and to obtain the necessary approvals by mid-year.
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