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Showa Electric Wire & Cable Co., Ltd. (SWCC) has decided to invest approximately 1.6 billion yen to build a new factory for its Chinese subsidiary Jiaxing Showa Electromechanical Co., Ltd. in Jiaxing, Zhejiang Province, China. The new plant will expand production capacity by about 2.5 times and is scheduled to start operations in December 2021.
“昭和電線ホールディングス株式会社は、グローバル展開を推し進めるワイヤハーネス事業において、さらなる事業拡大を目指し、中国現地法人である嘉興昭和機電有限公司の新工場建設の為の投資を決定しました。”swcc.co.jp
Summarized from public sources; check the original articles before acting on it.