JFE Steel Corporation has officially unveiled plans to embark on a profound expansion initiative at its West Japan Works' Kurashiki steel facility. This expansion venture, which comes as an addition to an ongoing initial expansion, will propel the electrical steel sheet capacity to unprecedented heights.The amalgamation of the two expansion projects will result in a staggering tripling of the plant's original production capacity for top-grade non-oriented electrical steel sheet, a pivotal component utilized in the fabrication of primary motors for electric vehicles. Phase II, estimated to cost approximately 46 billion yen, is slated to commence operations within the fiscal year ending in March 2027, showcasing the company's steadfast commitment to growth and innovation.Meanwhile, the ongoing Phase I expansion, with a price tag of around 49 billion yen, is set to double the plant's original capacity for the same category of sheet, with the new equipment anticipated to go online in the first half of the fiscal year commencing in April 2024.
JFE Steel Corporation has officially unveiled plans to embark on a profound expansion initiative at its West Japan Works' Kurashiki steel facility. This expansion venture, which comes as an addition to an ongoing initial expansion, will propel the electrical steel sheet capacity to unprecedented heights.The amalgamation of the two expansion projects will result in a staggering tripling of the plant's original production capacity for top-grade non-oriented electrical steel sheet, a pivotal component utilized in the fabrication of primary motors for electric vehicles. Phase II, estimated to cost approximately 46 billion yen, is slated to commence operations within the fiscal year ending in March 2027, showcasing the company's steadfast commitment to growth and innovation.Meanwhile, the ongoing Phase I expansion, with a price tag of around 49 billion yen, is set to double the plant's original capacity for the same category of sheet, with the new equipment anticipated to go online in the first half of the fiscal year commencing in April 2024.
