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Shibaura Machine Co., Ltd. announced it will acquire all equity of Moore Nanotechnology Systems, LLC, a U.S. ultra-precision machine tool maker, for approximately $150 million through its subsidiary SHIBAURA MACHINE COMPANY, AMERICA. The acquisition aims to expand sales of grinding machines in Western markets.
Shibaura Machine India plans to invest Rs. 225 crore in its Chennai plant to expand injection molding machine capacity to 3,200 machines a year in phases. A new factory adjacent to the existing plant is under construction, with trial production expected by November 2023.
