トーヨーカネツ, a major airport baggage handling systems company, announced that it will acquire land for a new plant to be built near its current Wakayama Plant. The land acquisition cost is ¥813 million, with the acquisition aimed at reducing disaster risk and improving productivity.
トーヨーカネツ has decided to acquire land for a new plant in Hatsushima, Arida, Wakayama Prefecture. The site is adjacent to the current Wakayama Plant, and the company says the project is intended to optimise production functions and drive growth in its logistics solutions business.
The land acquisition cost for the new plant is ¥813 million. The company aims to significantly improve productivity and establish a system capable of increasing production through the automation and robotisation of operations and the transport of materials between processes. The planned facility is also designed to provide the flexibility needed to accommodate future diversification of the products handled.
The closing price on the 28th was ¥2,439, down ¥1 from the previous Friday. Market trends following the investment announcement were not disclosed.