Fuji Electric and Schneider Electric have formed a $6 million joint venture to manufacture low voltage circuit breakers at a new industrial facility in Dalian, China.
The new company – Schneider Fuji Breakers Dalian (SFBD), which is 60% owned by Schneider Electric and 40% by Fuji Electric, employs 160 people.
Both companies will sell products manufactured by the company under their own brands and through their own sales networks.
Product launches from the joint venture will start in China this month and gradually extended to other Asian countries.
Within a few years, the joint-venture is expected to reach a manufacturing capacity of more than 600,000 units per year.
Earlier this month, Schneider Electric sold off its 40% ownership in the electric power transmission and distribution systems giant VA TECH Transmission & Distribution.