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Rheon Automatic Machinery Co ( (JP:6272) ) has issued an update.
Rheon Automatic Machinery Co., Ltd. announced a change in the timeline for constructing a new plant in Irvine, California, due to uncertainties from US policy shifts. The plant aims to serve as a model for smart factories and strengthen production capacity, with an estimated investment of about 60 million US dollars. The project is now scheduled to commence operations in April 2027, and the impact on the company’s current fiscal performance is expected to be minimal.
More about Rheon Automatic Machinery Co
Rheon Automatic Machinery Co., Ltd. operates in the machinery industry, specializing in the development and production of food processing machinery. The company is focused on enhancing production capabilities to meet consumer demand, particularly in the US market.
Average Trading Volume: 112,938
Technical Sentiment Signal: Sell
Current Market Cap: Yen33B
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