Schneider Electric and Fuji Electric have expanded their joint venture program to include their holdings in Japan and Asia.

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READY - Schneider and Fuji form Japan joint venture

Thursday, 03 April, 2008

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 3,000 people and revenues of more than ¥70 billion (approximately AU$750 million).

The parties intend to finalize the negotiation of their different agreements and to obtain the necessary approvals by mid-year.
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