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FUJITSU PICKS IRELAND FOR PRINTER PARTS PLANT

Fujitsu Ltd, already packaging semiconductors for Europe in the Irish Republic, has decided to site a new subsidiary that will manufacture printer components in Dublin. The move is an effort to satisfy the European Commission that local content of the printers it assembles in Spain is sufficient to avoid anti dumping duties and the charge that it does only screwdriver assembly of printers in Europe. The company, to be owned 90% by Fujitsu Isoetech Ltd, 10% by Fujitsu Ltd, will be capitalised at about $4.1m and will receive investment of $28m by 1992, by which time it is hoped that annual output will have reached $120m. Operations are planned to start in June, and the aim is to up local content to 90% from 50%.

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CBR Staff Writer

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