Kanthal will expand its production capacity in Sakura, Japan, an investment of approximately SEK 100M. The aim is to capture mid- and long-term market growth in Asia.
The strong global growth in lithium-ion batteries and semiconductors is a driver for an increased demand for Kanthal’s sustainable heating solutions. In addition, a broad range of industries, such as steel and automotive, are looking to convert their heating processes from fossil fuel to electric solutions, making their production more energy efficient whilst also lowering their CO2 emissions.
The total investment is approximately SEK 100M between 2024 and 2025 and includes the development of a new facility near the current premises in Sakura, as well as new equipment and a new layout. The expansion is expected to be fully operational in the end of 2025, increasing the current production capacity by approximately 60% and enabling additional job opportunities.