FURUKAWA ELECTRIC THERMAL MANAGEMENT SOLUTIONS AND PRODUCTS LAGUNA, INC.

About FURUKAWA ELECTRIC THERMAL MANAGEMENT SOLUTIONS AND PRODUCTS LAGUNA, INC.

Furukawa Electric Thermal Management Solutions And Products Laguna, Inc. (FTL) is a subsidiary of Furukawa Electric Co., Ltd., a renowned global leader in providing innovative solutions in the fields of energy, telecommunications, electronics, and automotive systems. Established in 2019, FTL is strategically located within the Laguna Technopark Inc., an industrial hub in the Philippines known for its advanced infrastructure and business-friendly environment. The primary focus of FTL is the production of heat diffusion and cooling products specifically designed for data centers in the United States. Recognizing the increasing demand for efficient thermal management solutions in data centers, Furukawa Electric Co., Ltd. invested in establishing FTL to cater to this niche market segment. After a period of setup and preparation, FTL commenced full-scale mass production in July 2021. The company's state-of-the-art manufacturing facilities leverage cutting-edge technology and rigorous quality control measures to ensure the production of high-performance thermal management solutions that meet the stringent standards of the industry. Since its inception, FTL has experienced remarkable growth, a testament to its commitment to excellence and customer satisfaction. The company's workforce has expanded significantly, with the headcount increasing from approximately 300 employees in 2021 to 1,500 as of October 2023. This substantial increase in manpower underscores FTL's dedication to scaling operations and meeting the growing demands of its clientele. Looking ahead, FTL has ambitious plans for further expansion and development. The company aims to augment its production capacity by expanding its manufacturing plant within the Laguna Technopark Inc. Additionally, FTL intends to increase its manpower to 1,800 employees by the end of 2024, further reinforcing its position as a leading provider of thermal management solutions in the data center industry. FTL's strategic location, advanced manufacturing capabilities, and commitment to innovation position it as a key player in the global market for heat diffusion and cooling products. With a strong foundation built on technological expertise and operational excellence, FTL is poised to continue its trajectory of growth and success in the years to come.