# Advanex to invest 10 billion yen expanding Saitama automotive parts plant

Advanex announced it will expand its Saitama plant in Honjo City, Saitama Prefecture, investing 10 billion yen to increase production capacity for insert molds and EV-related products.

- Type: Expansion
- Announced: 2018-07-23
- Where: Honjo City, Saitama Prefecture, Japan
- Value: $90.0M (10.0B JPY)
- Status: announced
- Products: insert molds, electric drive-related products for EVs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Advanex](https://endata.com/companies/18936.md)

## Sources

- [en.lnews.jp](https://en.lnews.jp/2018/07/k072313.html), 2018-07-23: "Advanex announced on July 23rd that it will expand its Saitama plant, which is an automotive parts factory."

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