# FP Corporation to invest ¥58B in new OPP sheet factory and distribution center in Ibaraki

FP Corporation resolved to invest approximately 58 billion yen to build a new OPP sheet manufacturing plant and distribution center in Bando City, Ibaraki Prefecture, Japan, with commercial production targeted for the first half of 2029.

- Type: New facility
- Announced: 2026-04-30
- Where: Bando City, Ibaraki Prefecture, Japan
- Value: $367.7M (58.0B JPY)
- Starts operating: 2029
- Status: announced
- Products: ultra-high rigidity biaxially oriented polypropylene sheet (OPTENA)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [FP Corporation](https://endata.com/companies/91646.md)

## Sources

- [japanir.jp](https://japanir.jp/en/company/company-7947/ir/7947-20260430-03_wp_business_update/), 2026-04-30: "Decided to invest approximately 58 billion yen to build a new OPP sheet manufacturing site and a metropolitan area distribution center in Bando City, Ibaraki Prefecture, aiming to start commercial production in the first half of 2029."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.