Mitsuboshi Belting Targets R&D, Increased Production in Largest Ever Plan for Capital Investment

Mitsuboshi Belting Ltd. (TYO:5192) is setting aside approximately 5.7 billion yen ($52.64 million) for capital investments in fiscal 2019, marking a 74 percent increase over fiscal 2018 to make for the company’s largest ever year of such investments. This will go toward updating and expanding the company’s production facilities, both in Japan and abroad; enriching test research facilities; and reconstructing…

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