FUJIKURA COMPOSITES Inc. [5121.T]
TOKYO, May 22 (Pulse News Wire) – FUJIKURA COMPOSITES Inc. (5121.T) decided at its board meeting, to close its Kasu factory and consolidate production activities at other facilities.
The move aims to enhance operational efficiency amid rising raw material costs and changing domestic demand. The Kasu factory, located at Saitama, Kazo Shi Shintone 1-4-4, 1-4-5, and 1-4-6, manufactures industrial rubber parts and pneumatic control equipment.
It is scheduled to cease operations on March 31, 2029. In response to employee concerns, the company plans to reassign affected workers to other locations within the organization.
While the immediate impact on the current fiscal year's performance is expected to be minor, FUJIKURA COMPOSITES remains vigilant and will disclose any significant future impacts promptly.
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