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Chimera Expands Mold Production Capacity

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April 14, 2006—Chimera Co., a precision mold parts designer and manufacturer in Tokyo, Japan, plans to expand its finished mold product plants.

According to the company's press release, the output capacity for finished molds, most of which are used in the automobile and electrical equipment industries, will jump from 10?15 units a month to 20?25 units a month.

The expansion will take place at Chimera's No. 2 plant, which was acquired in 2000. Approximately 1,300 square meters of floor space will be revamped and outfitted with machine tools. The project will raise the production of molds used to make plastic products. Capital spending will total around 300 million yen ($2.6 million), including work to upgrade machine tools at the factory.

The firm aims to boost capacity to around 40 units a month and plans to open a sales site in Kawakki this fall. Chimera targets 2.4 billion yen in total sales for 207, up 40% from 2005.