Okamoto Announces 4 Billion Yen Investment for New Wallpaper Factory

Major condom and chemical manufacturer Okamoto Industries Inc. (TYO:5122) recently announced its intention to build a new wallpaper factory in Ushiku, Ibaraki Prefecture, on a site measuring 43,000 square meters. The company will invest 4 billion yen ($36.65 million) in the new factory, which will be established in March 2018 and referred to as Tsukuba Plant. Okamoto already operates a…

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