Ferrotec Holdings Corporation
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Long-term Goals:
- Net sales of 500 billion yen and net income of 50 billion yen in FY2030
Medium-term Goals:
- Net sales of 500 billion yen and net income of 50 billion yen in FY2030
Environmental Challenges
- Augmentation of costs, including depreciation, in the wake of the construction of new factories and capital investment.
- Slowdown of manufacturing of semiconductor equipment, resulting in decreased sales of vacuum feedthroughs and metal processing.
- Downturn in production of semiconductors, leading to decreased sales in semiconductor materials and cleaning business.
- Rapid fluctuations in demand for large-sized quartz crucibles for photovoltaic power generation.
Mitigation Strategies
- Strengthening products processed with fire to offset decreased sales of machined products for existing semiconductor equipment makers.
- Increasing production capacity of Okayama Factory to increase CVD-SiC sales.
- Expanding sales of power semiconductor substrates and including Ohizumi Mfg. (sensors) to increase sales in the electronic device segment.
- Investing in Malaysia to increase production capacity and meet customer needs arising from US-China friction.