HORIBA STEC, Co., Ltd., a group company of the HORIBA Group leading the semiconductor business, announced its plan to build a new factory in Fukuchiyama City, Kyoto Prefecture. Specifically, the new factory will manufacture HORIBA Semiconductor’s mainstay products, such as mass flow controllers and chemical concentration monitors. Land has been acquired at Annex Kyoto Miwa of Osadano Industrial Complex, where HORIBA’s R&D base, Kyoto Fukuchiyama Technology Center, is also located. Construction will begin in July 2024 and is set for completion in January 2026.
The HORIBA Group’s semiconductor business has achieved steady growth in the past several years. It reached the targets for net sales and operating profit set out in the MLMAP2023*1 two years ahead of schedule. HORIBA STEC holds holds approximately 60%*2 share of the global market for mass flow controllers (MFC), the driver behind that growth. It has been increasing production at its Aso factory (Kyushu in Japan) and strengthening its overseas production framework.
HORIBA STEC has seen the need to further strengthen its production framework. Thus, it leads to the decision to build the new factory. Among other factors considered were the expected further growth of the semiconductor market over the medium to long term, fulfillment of its supply responsibilities as a leading MFC company in that market, and responding to all manner of future measurement demand.
Largest Investment for HORIBA Group
Mainly, the new factory will feature an extensive production area that can accommodate a wide range of applications. HORIBA Group invested around 17 billion yen, the largest for HORIBA Group to date, to build the new factory.
Specifically, it will act as the core factory for mass-production technologies to promote automation and efficiency improvements with state-of-the-art equipment. Accordingly, this will increase the company’s MFC production capacity in Japan by up to approximately three times its current level (Kyoto and Aso factories). Also, the new facility will produce chemical concentration monitors, which are another core product of the semiconductor business. Moreover, plans for the production of products and systems related to the semiconductor business and other businesses’ products are also in place. This project aims to establish long-term, stable supply structures in all directions.
In addition, through collaborations with the neighboring R&D base, Kyoto Fukuchiyama Technology Center, the new factory will engage in synergies for the early implementation of cutting-edge technologies.
Features of the New Factory
(1) Establishment of a long-term, stable supply structure
In addition to the semiconductor business-driving MFCs and chemical concentration monitors, it will also take on a wide range of production. This includes print substrates used in HORIBA STEC’s own products, products and systems related to the semiconductor business, and other businesses’ products.
(2) Product performance improvement and acceleration of development cycle through synergies with cutting-edge technologies
*1 MLMAP (Mid-Long term Management Plan)
The HORIBA Group uses the term MLMAP for its medium-to long-term management plan.
*2 According to research by HORIBA Ltd. (as of December 2023)