Rabat - Japan's Furukawa Electric, the world's third largest fiber-optic manufacturer, will open a fiber-optic cable factory in Morocco.
Rabat – Japan’s Furukawa Electric, the world’s third largest fiber-optic manufacturer, will open a fiber-optic cable factory in Morocco.
The new factory will be Furukawa Electric’s first factory in Africa. The Japanese company plans to invest $8 million (MAD75 million) to set up the factory in Tangier, northern Morocco.
According to the Nikkei Asian Review, Furukawa Electric seeks to satisfy the growing demand for communications infrastructure in Africa.
The company projects demand for fiber-optic cables in the African continent and the Middle East to grow to 32 million kilometers in 2018, up about 80% from 18 million kilometers in 2014.
The facility will assemble optic fibers made at the company’s U.S. and Japanese plants into final products. With the opening of its Morocco factory, Furukawa will be the first major company in the field to produce the cables in Africa.
At the initial phase, Furukawa will supply cables to telecom companies in Africa and Europe while aiming at producing connectors and other related parts in the future, the same source added.
Furukawa controls about 10% of the global fiber-optic market, behind Corning of the U.S. and Prysmian of Italy.
The company said that its choice of Morocco to set up its factory stems from the fact that the country offers easy access to the Mediterranean and the Atlantic, as well as the country’s security level and political stability.