TEL Announces Acquisition of Plant Site in Taiwa-cho, Miyagi Prefecture
Tokyo Electron (TEL) announced today the signing of an agreement to acquire a plant construction site that Miyagi Prefecture, and Taiwa-cho in Kurokawa-gun, Miyagi Prefecture, have been preparing to develop into an industrial park.
As the dynamic growth of the semiconductor production equipment market is likely to continue due to the persistent emergence of technological innovations, TEL is aiming to achieve sustainable medium- to long-term growth that exceeds the announced goal of its Medium-Term Management Plan to be reached by fiscal 2021. To prepare for future business expansion, the company intends to utilize the new plant site that lies adjacent to the premises of Tokyo Electron Miyagi, for developing and manufacturing etch systems that are core to TEL’s business. The scale of operations and other details about the future plant are yet to be determined.
Outline of plant site to be acquired
Location: Ono-Iwakura, Taiwa-cho, Kurokawa-gun, Miyagi Prefecture (to the north of Taiwa Research Park)
Area: Approx. 111,000m2
Title transfer date: March 2021 (scheduled)
Business Outline of Tokyo Electron Miyagi
Date established: July 1, 2010
Capital: 500 million yen
Number of employees: 2,930 (including associated company) *As of August 1, 2018
Line of business: Development and manufacture of plasma etch systems
Location: 1 Techno-Hills, Taiwa-cho, Kurokawa-gun, Miyagi Prefecture
