Toshiba Announces Major Investment to Boost Power T&D Equipment Production
Japan, Oct. 16 -- Toshiba Energy Systems & Solutions Corporation (Toshiba) announced a significant expansion of its investment in the power transmission and distribution (T&D) equipment business, in response to accelerating global electricity demand. The company will invest a total of 55-billion yen by FY2027. This investment is expected to more than double combined production capacity at Toshiba's key facilities in Japan and India by FY2030, against FY2024 levels.This initiative builds on the 20-billion-yen investment announced in July 2024 for FY2024-FY2026. With demand now projected to exceed initial forecasts, Toshiba has decided to invest an additional 35-billion-yen to its Hamakawasaki Operations in Kawasaki, Japan, and Toshiba Transm...
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