Japan Energy Components Co., Ltd. to Acquire EV Fast Charging Connector Assembly Business-Related Assets from Yonezawa Electric Wire Co., Ltd.
Nippon Sangyo Suishin Kiko (“NSSK”; www.nsskjapan.com) is pleased to announce that Japan Energy Components Co., Ltd. (“JEC”; jecomponents.co.jp), in which investment partnerships managed or provided with services by NSSK affiliates have a stake, has acquired assets related to the electric vehicle (“EV”) fast charging connector assembly business from Yonezawa Electric Wire Co. Ltd. (“Yonezawa”; www.yonezawadensen.co.jp)
Yonezawa’s EV fast charging connector assembly business commenced mass production in 2013, with JEC (formerly Fujikura Components) as its principal customer. The assembly of integrated connectors and cables for EV charging stations for domestic and overseas use was carried out at the Yonezawa Plant. However, with this asset transfer, the business base has been transferred to JEC’s Ishioka Plant, which is also the headquarters of JEC.
JEC was founded in 1949 and is headquartered in Ishioka City, Ibaraki Prefecture, with an industry track record of over 70 years. It manufactures and sells power distribution components that are attached to overhead transmission lines and underground cables, renewable energy-related and spiral products, mainly for electric power companies, and in more recent years, has been engaged in the manufacture and selling of fast charging cables for EVs. JEC’s three manufacturing bases are the Ishioka Factory (Ishioka City, Ibaraki Prefecture), the Kumamoto Factory (Ozumachi, Kumamoto Prefecture), and the Taiwan Factory (Kaohsiung City, Taiwan).
Leveraging the business foundation that Yonezawa has built, NSSK will provide its unique
Value Up Program (“NVP”) management support package, as well as the expertise and domestic and international networks that its members have cultivated, to help JEC develop and implement measures to create synergies in its EV fast charging connector business through integrated development, manufacturing, and sales operations.