# Citizen Machinery to build precision machining factory at headquarters

Citizen Machinery announced it will build a new precision machining factory on its headquarters premises in Japan, investing about 4.5 billion yen to increase spindle production capacity by 60%. Construction starts April 2022, completion March 2023.

- Type: New facility
- Announced: 2021-12-14
- Where: headquarters premises, Japan, Japan
- Value: $39.6M (4.50B JPY)
- Starts operating: Mar 2023
- Status: announced
- Capacity: 60% increase in spindle production capacity
- Products: spindles, precision components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Citizen Machinery](https://endata.com/companies/18452.md)

## Sources

- [seisanzai-japan.com](https://seisanzai-japan.com/article/p3061/), 2021-12-23: "The investment amount is about 4.5 billion yen, and the building area is 4,100 square meters."

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