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Fujitsu Limited
PFU Limited
Fujitsu and PFU to Establish New Company for
Server and Storage System Production
Consolidated Production Will Strengthen Competitiveness in
Core Products for Broadband Internet
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Tokyo, December 20, 2001---Fujitsu Limited and PFU Limited, a Fujitsu Group company, today announced that they plan to establish a company to consolidate server and storage system production operations. The new company, Fujitsu IT Products Limited ("FJIT"), will officially be launched on April 1, 2002.
As part of its overall restructuring plans outlined in August, Fujitsu has been working to strengthen its competitiveness in servers and storage system products in order to further increase its focus on core products. In accordance with these plans, production of servers and storage system products, which currently is divided among Fujitsu's Numazu and Nagano factories and PFU's Kasashima factory, will be consolidated under the new company at the Kasashima facility. Positioning FJIT as a central manufacturing base for the Fujitsu Group's computer products, this move will increase efficiency as well as integrate mass production technology with supply chain management (SCM), thereby strengthening manufacturing capabilities in these core products. At the same time, product development work will be centralized within Fujitsu itself, creating a horizontally integrated structure.
Combining the server and storage system development and manufacturing technology and know-how that the two companies have accumulated over many years will make it possible to provide customers with even higher performance and more reliable server and storage products. Moreover, this will strengthen the platforms that Fujitsu offers as a total solutions provider and enhance the overall capabilities of the Fujitsu Group.
FJIT will primarily engage in the manufacture of Fujitsu servers (PRIMEPOWER and GS series), storage systems (GR and NR series) and image scanners (fi series).
Fujitsu IT Products Limited at a Glance
| Management | : | Yasutaka Hirosawa, President & Representative Director
(formerly President of Shimane Fujitsu Limited and currently with Fujitsu's Information Processing Administration Group) |
| Date of establishment | : | April 1, 2002 |
| Headquarters | : | Unoke, Ishikawa Prefecture, Japan |
| Capitalization | : | 450 million yen (Fujitsu: 55%, PFU 45%) |
| Sales target | : | 120 billion yen (FY2002) |
| Employees | : | 580 |
About Fujitsu
Fujitsu is a leading provider of Internet-focused information technology solutions for the global marketplace. Its pace-setting technologies, best-in-class computing and telecommunications platforms, and worldwide corps of systems and services experts make it uniquely positioned to unleash the infinite possibilities of the Internet to help its customers succeed. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.48 trillion yen for the fiscal year ended March 31, 2001.
Internet: http://www.fujitsu.com/
About PFU Limited
PFU Limited, a Fujitsu Group company, provides infrastructure and network solutions, as well as develops and manufactures servers, storage systems, image scanners, routers and other products. Headquartered in Ishikawa Prefecture, Japan, PFU had revenues of 192 billion yen in FY2000. For more information, see: http://www.pfu.fujitsu.com/e_index.html
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Please understand that product prices, specifications and other details are current on the day of issue of the press release, however, may change thereafter without notice.
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