TOKYO, Jun 05 (Pulse News Wire) – Saxa,inc. (6675.T) decided today to sell its aging factory in Miyagi Prefecture and construct a new facility adjacent to the factories operated by its subsidiaries, Sakusa Techno Co., Ltd.
And Soar Corp. The move aims to enhance production efficiency and support sustainable manufacturing processes. In a press release, the company outlined plans to transfer operations from the old factory, which was built in 1960 and primarily used for injection molding products, to a newly constructed site within the Hachibanahara Industrial Park. The sale process will begin in July 2026, with completion expected by January 2027. The transaction will involve a sales-and-leaseback arrangement, ensuring continuous operation during the construction phase.
Details of the proposed new factory include a planned location in Hachimanhara, Miyagi Prefecture, covering approximately 9,000 square meters. Construction is set to commence in August 2026, with operations scheduled to start in March 2028. Investment estimates range from ¥2.800 billion to ¥3.500 billion. The project aligns with SAXA's broader strategy to centralize production facilities, improve quality standards, and reduce environmental impact through advanced manufacturing techniques. Additionally, SAXA revised its previous ambitious plan for the Miyagi Advanced Factory Project due to rising raw material costs and construction expenses.
While scaling back initial projections, the company remains committed to advancing the concept, emphasizing ongoing strategic evaluation based on economic conditions and group performance.
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