Gunze to invest JPY 5.7bn in Konan plant expansion for medical device and semiconductor markets
In a strategic move to meet the surging demand in the medical device and semiconductor sectors, Gunze Limited is set to expand its Konan plant. The company has earmarked a whopping 5.7 billion Japanese Yen (JPY) for this project, with a target completion date of March 2025.
The Konan Plant, a cornerstone of Gunze’s engineering plastics business, commenced operations in 1990. Over the years, it has diversified its offerings, supplying crucial components like tubes and belts to industries, including office automation. Leveraging its proprietary processing technologies for fluoropolymers and polyimide resins, the plant has been a trailblazer in these markets.
The upcoming expansion comes with a commitment to sustainability. The new building will feature top-notch thermal insulation, energy-efficient lighting and air conditioning, and photovoltaic power generation to slash CO2 emissions. The plant is aiming for an impressive environmental performance rating of B+ or higher under the Comprehensive Assessment System for Built Environment Efficiency (CASBEE) certification.
Gunze to invest JPY 5.7bn in Konan plant expansion for medical device and semiconductor markets. Photo courtesy of Business Wire.
Gunze Limited is not only expanding its physical footprint but also doubling down on its commitment to environmental responsibility. The company is actively engaged in initiatives to reduce its environmental impact, striving for eco-friendly management practices. This expansion not only bolsters the company’s capabilities but also fosters economic growth and generates new job opportunities in the local Aichi Prefecture.
Here’s a quick overview of the Konan plant expansion:
Location: 1, Toritsuke, Murakuno-cho, Konan, Aichi, Japan
Total Investment: Approx. 5.7 billion JPY
Structure: Steel frame, 2 stories
Building Area: 4,396 square meters
Total Floor Area: 8,121 square meters
Main Products: Specialized engineering plastics for the medical device and semiconductor markets
Construction Schedule: Construction kicks off in February 2024, and the plant will begin full-scale operation in May 2025.
Gunze Limited’s investment in the Konan plant marks a significant milestone in the company’s pursuit of excellence, sustainability, and meeting the growing demands of crucial industries. Stay tuned for further updates as this project unfolds.