Construction of a second plant in the central Mexican automotive industry region
First written in FY2016. 9 of 12 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2025.
2 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「In the U.S. molding-related business, production volume has increased steadily as the operating rate of the Second Mexico Plant has risen. As a result, net sales were ¥7,247 million, up 22.3% from the previous fiscal year, and segment profit was ¥433 million, up 80.6% from the previous fiscal year.」
Production volume increased as the operating rate of the Second Mexico Plant rose, and the U.S. molding-related business recorded increases in both revenue and profit. - FY2025-H1AdvancedAnnual report
「In the U.S. molding-related business, production volume has increased steadily as the operating rate of the Second Mexico Plant has risen. As a result, net sales were ¥3,470 million, up 58.7% year on year, and segment profit was ¥116 million, compared with a segment loss of ¥2 million in the same period of the previous year.」
Production volume increased as the operating rate of the Second Mexico Plant rose, and the U.S. molding-related business posted 58.7% year-on-year revenue growth, while segment results swung from a loss of ¥2 million to a profit of ¥116 million. - FY2024AdvancedAnnual report
「In the U.S. molding-related business, production volume has increased substantially with the start-up of the Second Mexico Plant. As a result, net sales were ¥5,927 million, up 65.0% from the previous fiscal year, and segment profit was ¥240 million, compared with a segment loss of ¥132 million in the previous fiscal year.」
Following the start-up of the Second Mexico Plant, production volume in the North American business increased, net sales rose 65.0%, and segment results swung from a loss of ¥132 million to a profit of ¥240 million. - FY2024-Q2RestatedAnnual report
「In the U.S. molding-related business, production volume has increased substantially with the start-up of the Second Mexico Plant.」
The company continues to report an increase in production volume following the start-up of the Second Mexico Plant. No separate milestone, such as the completion of additional construction, has been indicated. - FY2024-Q1AdvancedAnnual report
「In the U.S. molding-related business, production volume has increased substantially with the start-up of the Second Mexico Plant.」
The company states that production volume at the Second Mexico Plant, whose construction and expansion have been completed, increased substantially following its start-up, and that the plant has moved into the post-construction production capacity expansion phase. - FY2023AchievedAnnual report
「During the period, the company expanded the plant of Sanko Plastics Mexico Corporation to increase production capacity.」
The company states that it expanded the Second Mexico Plant and reached the stage of increasing production capacity. It also states that it plans to expand its North American business when the plant enters full-scale operation. - FY2023-Q3AdvancedAnnual report
「The Company's consolidated subsidiary 三甲アメリカコーポレーション drew down a loan on 18 November 2022 to fund equipment and working capital for the second plant of the Company's consolidated subsidiary 三甲プラスチックスメキシココーポレーション. / ③ Loan amount: US$8,000 thousand / ④ Loan date and maturity: Drawdown date: 18 November 2022; Maturity date: 30 June 2034 / ⑤ Interest rate: Fixed rate / ⑥ Collateral or guarantees: Unsecured and unguaranteed」
The company drew down a US$8 million loan for equipment and working capital for the Second Mexico Plant, further crystallizing funding arrangements for its construction. - FY2023-Q2AdvancedAnnual report
「The Company's consolidated subsidiary 三甲アメリカコーポレーション drew down a loan on 29 August 2022 to fund equipment for the second plant of the Company's consolidated subsidiary 三甲プラスチックスメキシココーポレーション.」
For the second Mexico plant, a US$16 million loan was drawn down on 29 August 2022 to fund equipment, making the financing arrangements more concrete. The loan was stated to carry a fixed interest rate and be unsecured and unguaranteed. - FY2022AdvancedAnnual report
「三甲プラスチックスメキシココーポレーション Rosarito, Baja California, United Mexican States American Molding-Related Business Expansion of second plant 4,500 645 Internal funds, equity offering and borrowings 2021.9 2022.9」
For the second Mexico plant construction plan, the company disclosed total investment of ¥4,500 million, of which ¥645 million had already been paid, with construction commencing in September 2021 and completion scheduled for September 2022, indicating progress in the construction investment. - FY2022-Q3AdvancedAnnual report
「At a meeting of its Board of Directors held on 23 August 2021, the Company resolved to construct a second plant at its consolidated subsidiary 三甲プラスチックスメキシココーポレーション and entered into a construction contract on 1 November 2021. The Company carried out a US$10,000,000 equity offering to fund construction of the second plant of 三甲プラスチックスメキシココーポレーション, with the Company subscribing for 60% and 三甲不動産株式会社 for 40%. Before this, the ownership ratios were changed from 65% for the Company and 35% for 三甲不動産株式会社 to 60% and 40%, respectively. An additional equity offering of US$7,000,000 was also planned for February 2022.」
A construction contract was signed for the second Mexico plant and a US$10 million equity offering was carried out. The ownership ratios were changed, and an additional US$7 million equity offering was planned for February 2022, making the financing for the plant construction more concrete. - FY2022-Q2AdvancedAnnual report
「To expand its business by making 天昇アメリカコーポレーション its most important base for the Company's overseas business strategy, the Company decided to construct a second plant in Mexico through 天昇メキシココーポレーション for the manufacture of logistics industry materials. / Building area: 23,000㎡ / Total investment: ¥4,500 million (building and equipment, etc.) / Construction start: October 2021 / Scheduled production start: September 2022」
The previous second-plant plan developed into a specific construction plan for the second Mexico plant, with total investment of ¥4,500 million, a building area of 23,000㎡, construction scheduled to start in October 2021 and production scheduled to start in September 2022. - FY2016First statedAnnual report
「The company will conduct an equity offering to fund construction by 天昇アメリカコーポレーション of a second plant in Mexico's central highlands automotive industry region, for the manufacture and sale of automotive parts and logistics industry materials. Equity offering amount: US$20,000,000」
The company disclosed as a subsequent event a plan to support construction of a second plant by subscribing to an equity offering by an equity-method affiliate. The payment date has not been determined.