Shiseido will build first domestic plant in over three decades to meet growing demand for cosmetics
Shiseido Co. plans to build a new plant, like the one in the illustration, in Otawara, Tochigi Prefecture. | KYODO

/

Shiseido will build first domestic plant in over three decades to meet growing demand for cosmetics

Kyodo

Shiseido Co. said Thursday it will build its first new domestic plant in 36 years to meet growing demand for cosmetics particularly from foreign visitors to the country, .

The company plans to invest about ¥40 billion ($355 million) on building the factory in Otawara, Tochigi Prefecture. It will be Shiseido’s fourth plant in Japan, and is slated to start production in fiscal 2019.

The cosmetics manufacturer also said it will double the output capacity of a factory in Osaka that it plans to rebuild by 2020, and will increase production and expand its lineup of high-end products.

LATEST BUSINESS STORIES

A man stands outside his tent on Division Street in San Francisco in 2016. San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services in a city struggling with income inequality.
San Franciscans will vote on slapping extra tax on big firms to fund homeless aid
San Francisco voters in November will decide whether to levy an additional tax on large businesses to fund homeless services, part of an expanding effort among West Coast cities to tap cash-flush c...
Chief Executive Officer of Amazon Jeff Bezos tours the facility at the grand opening of the Amazon Spheres, in Seattle in January. As Amazon marked its "Prime Day" with price cuts across a range of products, founder and chief executive saw his net worth hit new peaks, increasing his lead over fellow billionaires. Bezos's net worth topped $150 billion on Monday, according to the Bloomberg Billionaires Index, making him the richest person in decades.
As Amazon slashes prices, boss Jeff Bezos sees jump in wealth over $150 billion
As Amazon marked its "Prime Day" with price cuts across a range of products, founder and chief executive Jeff Bezos saw his net worth hit new peaks, increasing his lead over fellow billionaires. ...
A man rides his bike past the MGM Grand hotel and casino in Las Vegas in 2015. The operator of the Mandalay Bay casino-resort from which a gunman carried out the largest mass shooting in U.S. history has filed federal lawsuits against hundreds of victims. MGM Resorts International argues in lawsuits filed Friday in Nevada and California that it is has "no liability of any kind" to the defendants under a federal law enacted in the wake of 9/11 terrorist attacks.
MGM sues hundreds of Las Vegas mass shooting victims, arguing it isn't liable for guest's carnage
MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casin...

Photos

search icon Click to enlarge

Shiseido Co. plans to build a new plant, like the one in the illustration, in Otawara, Tochigi Prefecture. | KYODO