Kyocera to Expand Manufacturing in Japan
Kyocera Corporation announced plans to build a new manufacturing plant in Isahaya City, Nagasaki Prefecture, to advance its business expansion goals, according to industryanalysts.com/.
The company has made an offer to acquire approximately 150,000 square meters (about 37 acres) in the Minami Isahaya Industrial Park.
Kyocera aims to achieve sales of JPY 2 trillion (US$15.18 billion) in its current fiscal year (ending March 31, 2023), and has set a long-term sales target of JPY 3 trillion (US$22.77 billion) by the fiscal year ending March 31, 2029. The company’s capital investment is expected to reach a record high of JPY 200 billion (US$1.52 billion) in the current fiscal year, mainly due to strong demand for components related to advanced semiconductors. Kyocera plans even higher levels of investment in FY2024 and beyond, as compared to the FY2023 projection.
The company’s vision for a new plant in Isahaya City comes amid plans to increase production capacity both domestically and internationally, at a time when existing Kyocera campuses have little or no room to expand. The choice of Isahaya City was based on many attributes necessary to optimize future business development, including the area’s convenient transportation options, excellent human resources, and superior local infrastructure including energy.
Kyocera believes its future growth plans can contribute to the development of the local community by revitalizing the economy of Nagasaki Prefecture and creating new employment opportunities.
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