Japanese-owned Furuya Metals, known for its specialized applications of precious metals, has benefitted from the electronics and high complexity industries ever since it opened its American subsidiary in the city of Manchester in New Hampshire in 2013.
“We think that our materials and technology can reprise what will be coming in the future The U.S. market is very important to us. Electronic products represent 80% of our overall business,” explained Furuya Metal Americas Inc. President Takuya Nakamura.
According to Nakamura, Furuya Metals Americas Inc. grew 30% in its first year and is projected to grow a further 20% this year.
Furuya Metals works with South African mining companies for its supply of precious metals, such as platinum, iridium and ruthenium, which are used in the production of rocket engines, medical instruments, temperature sensors, as well as other specialized aerospace and medical applications.
Takuya said: “We think the other business around this area will grow. There are many famous medical companies are here. It is very important to work with the local institutions and companies to better understand what the real challenges are.”
The American subsidiary hopes to generate about 90% of its overall business from local clients and is also looking to clean energy and environment-friendly business as sources of revenue.
Furuya Metals was founded in 1951 in Tokyo and has another overseas subsidiary in Seoul, South Korea.