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Report: Shimano to invest nearly $300M in Singapore and Japan factories

Published July 12, 2021

OSAKA, Japan (BRAIN) — An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year.

According to the report Shimano also decided to invest another $118 million in its factories in Osaka and Yamaguchi, Japan, to expand production capacity. says Shimano's president, Taizo Shimano, told it that the company is building a facility in the Jurong Innovation District on the west side of Singapore, where an existing plant is also located. The new plant will produce high-end drivetrain parts, the site reports, and is being positioned as a "factory of the future." It was supposed to open last year but was delayed due to COVID.

Shimano first opened a Singapore facility in 1973; it was the company's first assembly plant outside of Japan. It opened a sales office there in 1996.

Shimano's Singapore offices.
Topics associated with this article: Supply chain, Coronavirus

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