November 29, 2017
On November 29th, 2017, STAR MICRONICS announced new factory building (=photo) construction by China’s automatic lathe manufacturing subsidiary. The investment amount was about 700 million yen. The new factory building has three floors with floor area of 5000 square meters. The first floor is used for option installation work for machines and trial operations for Chinese market. The second and third floor are used as an assembly area of the operation panel and a storage space for components.
With the construction of the new factory building, the company consolidates its factories, which were previously spread out over two locations, to improve productivity, and aims to start operations in January 2018.
Currently, the demand for machine tool is very high all over the world. In the fiscal year ended in February 2018, the company expects total sales of 40.5 billion yen in the machine tool business. It will strengthen the shipping capacity of the automatic lathe by constructing a new plant building, and respond to the demand in China, which is expected to expand the market in the future. The subsidiary in Dilian was established in 1989. It manufactures automatic lathes for East Asian markets like China.