Koito Manufacturing Co (JP:7276) has released an update.
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KOITO Manufacturing Co. is set to expand its production capacity in Mexico and Brazil due to increasing orders and projected growth in the Latin American automotive industry. The company plans to build a new plant in Mexico and expand an existing one in Brazil, with operations expected to start in April 2026 and August 2025, respectively. This expansion aims to address a projected production capacity shortage and improve efficiency amidst rising labor costs in the U.S.
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