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TOTOInvests560MillionYuantoBuildAnotherNewFactorywith51.9%ofItsBusinessinMainlandChina

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TOTO ynvestearret 560 Miljoen Yuan om in oare nije fabryk mei te bouwen 51.9% fan har bedriuw yn Mainland China

TOTO ynvestearret 560 Miljoen Yuan om in oare nije fabryk mei te bouwen 51.9% fan har bedriuw yn Mainland China

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TOTO oankundige op desimber 1 dat syn dochterûndernimming yn Vinh Phuc Provinsje, Fjetnam (Ien diel fan TOTO VIETNAM CO., LTD.) sil ynvestearje likernôch 10 Billion yen (RMB 560 miljoen) by de bou fan in ijzer- en sanitairfabryk. De bou begjint yn jannewaris 2022 and the plant is scheduled to be operational in March 2024. De fraach nei kraanfittings en oare items groeit fanwegen de tanommen fraach fan 'e wrâldwide pandemy nei sûnens en hygiëne.

Neffens de oankundiging, de plant brûkt fotovoltaïsche sinne-enerzjy as ôffalwarmte om CO2-útstjit te ferminderjen. It ôffalwetter dat ûntstiet yn it proses fan it platearjen fan hardware wurdt recycled en opnij brûkt foar plating, it ferminderjen fan de lêst op it miljeu. De plant beslacht in oerflak fan likernôch 100,000 square meters and has the capacity to produce approximately 1.2 million pieces of faucet fittings per year. They produce basin taps and bath taps, mainly sensor taps and general taps. They serve as important hardware and sanitary ware production base, providing capacity support for the US and China.

TOTO said the project is being developed as part of a ¥56 billion investment plan in its overseas residential equipment business for the period 2021-2023. Tagelyk, TOTO published its interim report (april 1, 2021 oant septimber 30, 2021). The report shows revenue of 309.5 Billion yen, operearjende ynkommen fan 26.6 billion yuan and net profit attributable to shareholders of the parent company of 19.9 billion yuan for the first half of the fiscal year 2021. Of these, mainland China accounted for 51.9% Of ynkomsten, followed by the Americas market at 26%, Asia at 18.9% and Europe at 3.2%.

TOTO expects full-year revenue of ¥650 billion for fiscal 2021. It has an operating profit of 50 billion yen and a net profit attributable to shareholders of the parent company of 37.5 Billion yen.

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