Toyo to expand RI factory

Toyo to expand RI factory

TOKYO (Nikkei): Toyo Communication Equipment Co. plans to invest about 550 yen million to expand its Indonesian factory for the production of low-cost, sealed-glass liquid crystal oscillators, The Nikkei Industrial Daily reported in its Friday edition.

The company plans to expand the total floor space of the facility from 2,000 to 3,000 square meters, and will increase its staff by 50, to a total of 350.

Construction is scheduled to begin in May, and production should begin in October. The company is targeting production of 1.8 million of the components per month.