Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...
Ube Industries Ltd. (TYO:4208) has decided to build a new plant to manufacture Upilex polyimide film at its Ube Chemical Factory in Yamaguchi Prefecture. This comes as the film faces growing demand for use in the circuit boards of OLED smartphone displays and LCD TVs. Scheduled to begin trial operation in October 2024, the new facility will be equipped with...
Mitsuboshi Belting Ltd. (TYO:5192) is looking to build a new plant in India for the manufacture of automotive transmission belts and other products. Investment here will come to approximately 3.6 billion yen ($32.64 million), with the new plant slated to begin operations in February 2023. Mitsuboshi Belting’s 2021 medium-term business plan has the conveyor belt and automotive transmission belt manufacturer...
Okamoto Industries Inc. (TYO:5122) is set to establish a new plant for the production of automotive interior materials in Wuhan, Hubei Province, China. Operated by a new subsidiary named Okamoto Manufacturing Wuhan Co. Ltd., the new plant is set to see construction begin this May and finish in December. The Wuhan plant will give Okamoto a third production base for...
Toyoda Gosei Co. Ltd. (TYO:7282) is establishing a new plant in Ohira, Kurokawa-gun, Miyagi Prefecture, to bolster its auto parts production capacity in the Tohoku region and better serve its main customer, Toyota Motor East Japan Inc. Set to be established under production subsidiary Toyoda Gosei East Japan Co. Ltd., the new plant is slated for a construction start this...
Toyo Tire Corp. (TYO:5105) and manufacturing subsidiary Toyo Tire Serbia LLC Belgrade recently held a groundbreaking ceremony at the intended site of a new plant in Indjija, Serbia. Approximately 40 guests attended the ceremony – including Serbian President Aleksandar Vucic, Indjija Mayor Vladimir Gak and Ambassador of Japan Takahiko Katsumata – to show their support for a safe construction process....
