# Citizen Machinery invests ¥2 billion to boost machine tool capacity 20%

Citizen Machinery announced a ¥2 billion investment at its Kitakami plant in Iwate, Japan, to increase machine tool production capacity by up to 20% by fiscal 2025. The investment includes a new warehouse and office building, with completion expected in March 2025.

- Type: Expansion
- Announced: 2023-11-17
- Where: Kitakami, Iwate, Japan
- Value: $13.3M (2.00B JPY)
- Starts operating: Mar 2025
- Status: announced
- Capacity: 20% increase, to 170 units per month
- Products: CNC automatic lathes (Miyano brand)
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [newswitch.jp](https://newswitch.jp/p/39305), 2023-11-17: "工作機械の生産能力２割増、シチズンマシナリーが20億円投資"
- [seisanzai-japan.com](https://seisanzai-japan.com/article/p4601/), 2023-12-28: "Citizen Machinery plans to expand the production area at its Kitakami Plant in Kitakami City, Iwate Prefecture, which manufactures Miyano brand fixed-headstock CNC automatic lathes."

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