Establishment of a new company and construction of a new factory in Hefei, China, involving approximately 46.6 billion yen in capital investment. CRSM will move from a consolidated subsidiary to an equity-method affiliate through a third-party allotment capital increase.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"6890","jir_company_name":"FerroTec Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-20","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/6890-20260420-01.pdf","jir_short_summary":"Establishment of a new company and construction of a new factory in Hefei, China, involving approximately 46.6 billion yen in capital investment. CRSM will move from a consolidated subsidiary to an equity-method affiliate through a third-party allotment capital increase.","jir_summary":"### Background and Objectives of Business Expansion\nWith the growth of the global semiconductor industry, the importance of recycled wafers is increasing. CRSM, the leading recycled wafer company in China, is experiencing demand exceeding production capacity. Through strategic partnerships with Hefei Construction and Investment Group and Hefei Guotou, the company aims to expand production capacity. A new company will be established in Hefei City, Anhui Province, where a new factory (Hefei Factory) will be constructed and capacity at the existing Tongling Factory will be enhanced, aiming to become a leading company in recycled wafers.\n\n### Overview of Capital Investment and Capital Policy\nTotal capital investment amounts to 2 billion Chinese yuan (approximately 46.6 billion yen), with 1.6 billion yuan (approximately 37.3 billion yen) allocated to new factory construction and 400 million yuan (approximately 9.3 billion yen) for capacity enhancement at the Tongling Factory. Construction of the new factory is scheduled to start in May 2026 and commence operations in December 2027. CRSM will raise 1.4 billion Chinese yuan (approximately 32.6 billion yen) through a third-party allotment capital increase and will transition from a consolidated subsidiary to an equity-method affiliate. Hefei Guotou is expected to become the largest shareholder.\n\n### Future Outlook\nThe transfer of CRSM to an equity-method affiliate is expected to have minimal impact on the company's profit and loss. This fundraising is part of business growth, profitability improvement under the medium-term management plan, and business selection and focus. Any additional disclosures will be promptly announced.","jir_financial_highlights":"Capital Investment Amount: 2 billion Chinese yuan (approx. 46.6 billion yen) (Unknown)\nCRSM Third-Party Allotment Capital Increase Subscription Amount: 1.4 billion Chinese yuan (approx. 32.6 billion yen) (Unknown)\nNew Company Capital: 1 billion Chinese yuan (approx. 23.3 billion yen) (Unknown)","jir_category":"","jir_hashtags":"#FerroTecCorporation, #BusinessStrategy, #RecycledWafer, #ChineseMarket, #CapitalInvestment","jir_key_figures":"Total Capital Investment: 2 billion Chinese yuan (approx. 46.6 billion yen)\nCRSM Third-Party Allotment Capital Increase Subscription Amount: 1.4 billion Chinese yuan (approx. 32.6 billion yen)\nNew Company Capital: 1 billion Chinese yuan (approx. 23.3 billion yen)","jir_meta_title":"[FerroTec] New Factory Construction in Hefei, China | Capital Investment of 46.6 Billion Yen Implemented April 2026","jir_meta_description":"FerroTec has decided to establish a new company and construct a new factory with approximately 46.6 billion yen in capital investment for the recycled wafer business in Hefei, China. CRSM will transfer to an equity-method affiliate through a third-party allotment capital increase, aiming for business expansion and improved profitability.","jir_og_title":"[FerroTec] New Factory Construction in Hefei, China | 46.6 Billion Yen Capital Investment Implemented","jir_og_description":"FerroTec accelerates business expansion by constructing a new factory in Hefei, China, within the recycled wafer sector and announcing capital structure changes at CRSM.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8880,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-41485","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n