TOTO E Tsetela 560 Million Yuan to Build Another New Factory with 51.9% of Its Business in Mainland China

TOTO E Tsetela 560 Million Yuan to Build Another New Factory with 51.9% of Its Business in Mainland China

TOTO e phatlalalitsoe ka Tšitoe 1 hore e ka tlaasana ea eona Profinseng ea Vinh Phuc, Vietnam (TOTO VIETNAM CO., LTD.) e tla tsetela hoo e ka bang 10 limilione tse likete tsa yen (RMB 560 milione) kahong ea feme ea thepa ea thepa le ea bohloeki. Kaho e tla qala ka Pherekhong 2022 and the plant is scheduled to be operational in March 2024. Tlhokahalo ea lisebelisoa tsa lipompo le lintho tse ling e ntse e eketseha ka lebaka la tlhoko e ntseng e eketseha ea seoa sa lefats'e sa bophelo bo botle le bohloeki..

Ho latela phatlalatso, semela se sebelisa matla a letsatsi a photovoltaic hammoho le mocheso o litšila ho fokotsa mocheso oa CO2. Metsi a litšila a hlahisoang nakong ea polating ea hardware a sebelisoa hape 'me a sebelisoa hape bakeng sa ho pata, ho fokotsa moroalo tikolohong. Semela se akaretsa sebaka sa hoo e ka bang 100,000 square meters and has the capacity to produce approximately 1.2 million pieces of faucet fittings per year. They produce basin taps and bath taps, mainly sensor taps and general taps. They serve as important hardware and sanitary ware production base, providing capacity support for the US and China.

TOTO said the project is being developed as part of a ¥56 billion investment plan in its overseas residential equipment business for the period 2021-2023. Ka nako e tšoanang, TOTO published its interim report (Mmesa 1, 2021 ho fihlela ka September 30, 2021). The report shows revenue of 309.5 limilione tse likete tsa yen, chelete ea ho sebetsa ea 26.6 billion yuan and net profit attributable to shareholders of the parent company of 19.9 billion yuan for the first half of the fiscal year 2021. Of these, mainland China accounted for 51.9% of revenue, followed by the Americas market at 26%, Asia at 18.9% and Europe at 3.2%.

TOTO expects full-year revenue of ¥650 billion for fiscal 2021. It has an operating profit of 50 billion yen and a net profit attributable to shareholders of the parent company of 37.5 limilione tse likete tsa yen.