Furukawa Electric invests ¥100bn in HVDC cable production

Furukawa Electric Co., Ltd. announced a ¥100.0 billion capital expenditure to establish a new manufacturing line for 500kV-class High Voltage Direct Current (HVDC) cables. This strategic investment, approved by the board of directors on October 8, 2025, is primarily located in Futtsu City, Chiba Prefecture, with operations slated to begin tentatively within 2030.

The initiative aligns with the company's "Composing the core of a brighter world" purpose and is a key component of its growth strategy within the carbon neutral domain. This project gained significant impetus from its selection for the Ministry of Economy, Trade and Industry's GX Supply Chain Construction Support Project, which will provide a subsidy covering one-third of eligible expenses, up to a maximum of ¥30.7 billion. The subsidy issuance period is set from November 2025 to December 2029.

Upon completion, the new facilities are expected to achieve a production capacity of 200km per year of 500kV-class HVDC cable. Furukawa Electric aims to expand its global business, particularly in Asia, and establish world-class quality standards through advanced equipment and technology. The company anticipates a minor impact on its consolidated financial results for the fiscal year ending March 31, 2026.