Business Economy


Toshiba announces major investment to foster power production

New Delhi, Oct 17 (UNI) Toshiba Energy Systems & Solutions Corporations (Toshiba) today announced a significant expansion of its investment in the power transmission and distribution (T&D) equipment business, an official statement said.
The company will invest a total of 55 billion-yen by 2027, and this investment is expected to double combined production capacity at Toshiba’s key facilities in Japan and India by FY2030, against FY2024 levels.
Hiroshi Kaneta, Vice President of Grid Solution Division at Toshiba, said, “As global electricity demand continues to rise, ensuring a stable supply of T&D equipment is more critical than ever. In Japan, demand for T&D equipment is expected to surge through 2030 and remain high, driven by the renewal of aging infrastructure, the expansion of renewable energy, and the construction of new data centers. In India, electricity demand continues to rise rapidly, fueled by economic & urban population growth and the accelerated adoption of renewable energy.”
As a leading supplier of high-voltage T&D equipment, Toshiba will invest in strengthening its manufacturing capabilities by renewing and modernizing existing production lines, constructing new ones, and upgrading factory infrastructure at both Hamakawasaki Operations and TTDI.
Moreover, Toshiba will also leverage its technological expertise and trusted performance to help build robust power grids that support a stable electricity supply. The company will strengthen its production systems to respond flexibly and swiftly to domestic and international demand, advance Research and Development (R&D) in next-generation technologies, and continue to enhance employee safety and workplace comfort.
UNI SAS ARN
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