Major investment in the Indian market, construction of an automobile exterior painting line.
Moriroku Technology (India) has made a major investment in India, marking the first phase of its strategic investment in the rapidly growing Indian market. On 11 September, this company held a groundbreaking ceremony for the construction of a new exterior painting line in India.
The groundbreaking ceremony was held on land adjacent to the Kahalani plant, which was acquired by this company, and was attended by our executive officers, local management and local employees to mark the start of the growth and development of the India plant.
This major investment will markedly enhance the company's production capacity, enabling it to meet the demands of high-value-added markets. The new painting line is scheduled to commence operations in October 2025, with an anticipated production capacity of approximately 1 million pieces per year.
