Increase in annual titanium production capacity to 47,000 tonnes
First written in FY2016. 6 of 18 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-09-24.
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- FY2026RaisedAnnual report
「To achieve sustainable growth in the titanium business, we will start up a new sponge titanium plant and expand annual production capacity from 40,000 tonnes to 50,000 tonnes, establish a supply structure capable of meeting growing aircraft demand, and enhance our market presence.」
The plan evolved from considering production capacity expansion to a specific plan to increase annual capacity from 40,000 tonnes to 50,000 tonnes through a new sponge titanium plant. Capital expenditure is approximately ¥39 billion, completion is scheduled by the end of FY2027, and the resulting capacity increase is stated to be 25%. - FY2024Moving toward finalising and launching the production capacity expansion planAnnual report
「In anticipation of possible medium- to long-term supply-demand tightness, the titanium supply chain has strongly requested a stable supply of high-quality sponge titanium. From the perspective of growing our titanium business and contributing to the development of the titanium industry, we are accelerating consideration of a plan to expand sponge titanium production capacity.」
Regarding the consideration of capacity expansion resumed in FY2023, the company accelerated its review and reached the stage of identifying “finalisation and launch” as key issues. However, no capacity figure or completion of facility commissioning was reported. - FY2023Resumption of consideration of production capacity expansionAnnual report
「While working to strengthen the earnings base of the titanium business in response to recovering titanium demand, we will also consider expanding sponge titanium production capacity as we seek to fully return to a sustainable growth trajectory.」
With production cuts in line with demand and inventory levels continuing, the company stated that it had entered a stage of reconsidering sponge titanium capacity expansion with a view to returning to sustainable growth. No numerical target in the previous range of 47,000–48,000 tonnes or implementation timeline was provided. - FY2022-Q2RestatedAnnual report
「As reduced sponge titanium production to reduce product inventories has continued,」
Reduced sponge titanium production to reduce product inventories has continued, maintaining the policy of adjusting production in line with demand and inventory levels. - FY2022-Q1SoftenedAnnual report
「Operating loss was ¥574 million, due in part to lower sales volumes in the titanium business and reduced sponge titanium production to reduce product inventories (compared with a loss of ¥168 million in the same period of the previous year).」
In addition to lower sales volumes, sponge titanium production was reduced to reduce product inventories, indicating a shift from the previous capacity expansion policy toward production adjustments in line with demand and inventory levels. - FY2021SoftenedAnnual report
「Rapidly establish an optimal production structure suited to demand, and maintain a thoroughly efficient production structure while assessing the timing of demand recovery.」
Rather than pursuing the previous plan to expand capacity to 48,000 tonnes, the company indicated a policy of maintaining an optimal production structure while assessing the timing of demand recovery. It also stated that there were no relevant matters concerning plans to build major new facilities. - FY2020SoftenedAnnual report
「Establish an efficient production structure while assessing the timing of demand recovery, and reconsider expanding production capacity for the next phase of growth.」
In response to declining demand and the deterioration in the operating environment caused by COVID-19, the wording softened from moving immediately ahead with the previously planned capacity expansion to reconsidering it after assessing demand. - FY2020-Q3AdvancedAnnual report
「With the operating rate of the sponge titanium facilities currently above 90%, preparations are under way to partially restart the idle small furnaces at the head office plant in Amagasaki, Hyogo Prefecture, at minimum cost and with the shortest possible construction period, to accommodate further growth in demand. Operations are scheduled to begin in July this year.」
In response to facility operating rates exceeding 90%, preparations began to partially restart the idle small furnaces at the head office plant, with operations scheduled to begin in July this year. Concrete progress toward a 48,000-tonne capacity was described, but completion of the restart was not yet reported. - FY2019RestatedAnnual report
「FY2020 target: 41,000 tonnes (current effective capacity of 39,000 tonnes plus 5%), with total capacity of 48,000 tonnes following the restart of the small reduction furnaces.」
The target of a 48,000-tonne capacity in FY2020, combining 41,000 tonnes from the large reduction furnaces with the restart of the small reduction furnaces, was reiterated. - FY2018ReframedAnnual report
「FY2020 target: 41,000 tonnes (current effective capacity of 39,000 tonnes plus 5%), with total capacity of 48,000 tonnes following the restart of the small reduction furnaces.」
The plan was reorganised from the previous FY2017 target of 47,000 tonnes to a total capacity of 48,000 tonnes under the new plan, combining a FY2020 target of 41,000 tonnes for the large reduction furnaces with the restart of the small reduction furnaces. - FY2017RestatedAnnual report
「Increase current effective production capacity of 44,000 tonnes per year (nominal capacity: 40,000 tonnes) to 47,000 tonnes in FY2017. Establish a 40,000-tonne capacity using only large reduction furnaces.」
The plan to increase annual capacity to 47,000 tonnes and establish a 40,000-tonne capacity using large reduction furnaces was reiterated. - FY2017-Q1RestatedAnnual report
「Regarding production, full production using the large reduction furnaces has continued as planned since the end of the previous fiscal year, in anticipation of a recovery in sales during the fiscal year.」
There is no change to the target itself of increasing capacity to 47,000 tonnes, but full production using the large reduction furnaces is continuing as planned. - FY2016First statedAnnual report
「Increase current effective production capacity of 44,000 tonnes per year (nominal capacity: 40,000 tonnes) to 47,000 tonnes in FY2017. Establish a 40,000-tonne capacity using only large reduction furnaces.」
Plans are in place to secure the world's No. 1 production capacity, productivity and ability to respond to upside demand.