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An announcement from Nippon Denko Co., Ltd. ( (JP:5563) ) is now available.
Nippon Denko Co., Ltd. has announced plans to expand its Kashima Plant with the addition of an incineration ash melting furnace and related facilities. This expansion is part of the company’s strategy to meet growing demand for recycling incineration ash, as landfill capacity decreases. The new facilities, including the fifth furnace, are expected to enhance the company’s recycling capabilities, with commercial operations slated to begin in December 2027. This move aligns with their medium to long-term business plan and is anticipated to strengthen their market position without impacting the current fiscal year’s financial results.
The most recent analyst rating on (JP:5563) stock is a Hold with a Yen318.00 price target. To see the full list of analyst forecasts on Nippon Denko Co., Ltd. stock, see the JP:5563 Stock Forecast page.
More about Nippon Denko Co., Ltd.
Nippon Denko Co., Ltd. operates in the recycling industry, focusing on the Incineration Ash Recycling business. The company specializes in melting and solidifying incineration ash from general and industrial waste, turning it into harmless materials and recycling valuable metals and slag.
Average Trading Volume: 597,418
Technical Sentiment Signal: Buy
Current Market Cap: Yen44.51B
Learn more about 5563 stock on TipRanks’ Stock Analysis page.