GDEcD: Manufacturer OFS Fitel to create 200 jobs, invest $138.9 million – Atlanta Business Chronicle

GDEcD: Manufacturer OFS Fitel to create 200 jobs, invest $138.9 million – Atlanta Business Chronicle

OFS Fitel LLC, a manufacturer of optical fiber products, will create 200 jobs and invest $138.9 million in the expansion of both their Norcross and Carrollton facilities, according to the Georgia Department of Economic Development (GDEcD).

OFS is a wholly-owned subsidiary of Japanese parent company, Furukawa Electric Co., Ltd. In 2017, Furukawa Electric announced plans to nearly double its 2016 optical fiber manufacturing capacity by 2019 and to increase its optical fiber cable manufacturing capacity.

Norcross is one of the core manufacturing facilities of the optical fiber and cable business of Furukawa Electric.

“The proliferation of hyper-scale and edge data centers, 5G wireless, and fiber-to-the-home (FTTH), along with the greater digitization of communications in business, are creating the need for fiber in the Georgia and around the world,” said Timothy F. Murray, head of the Global Optical Fiber and Cable business of Furukawa Electric and CEO of OFS, in a news release. “Furukawa Electric is responding with greater capacity, which you can see with the expansions and employment growth in Norcross and Carrollton. We foresee this demand continuing into the next decade with communication traffic estimated to increase during this period.”

Atlanta Business Chronicle reported in August that OFS Brightwave Solutions Inc. was laying the groundwork for expansion in Gwinnett County. The company sought rezoning to possibly build a 67,000-square-foot manufacturing facility at its Norcross, Ga. campus, according to a filing with the Gwinnett Planning Commission.

Gwinnett County Commission Chair Charlotte Nash said in a news release that OFS’ expansion is a “direct reflection of our superior workforce and business friendly climate.”

GDEcD said that Japan is a leading investor nation in Georgia, ranking first among Georgia’s international investors based on total dollar value of investments, and third based on total number of facilities.

Fiber optic cable, used in the transmission of data, is critical infrastructure in the Internet age. The global fiber optics market was valued at about $2.75 billion in 2016 and is expected to reach about $3.72 billion in 2022, according to Zion Market Research.

Atlanta developer Jim Jacoby once planned to turn a part of the OFS Norcross campus into a film studio, but he was unable to find funding.

Georgia’s top manufacturing companies of 2017

#12 International Paper Co. Georgia Employees: 2,849


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Greg Moses