TOTO LTD ADR/2

The activist hedge fund Palliser Capital has urged Toto to place greater emphasis on its specialty ceramics business for chip production and to increase investment there. Palliser views Toto as a significantly undervalued beneficiary of the AI chip boom and sees potential upside of up to about 50% if market revaluations occur. The fund highlights Toto’s technological lead in ceramic components; Toto has not yet responded publicly. After the letter became known, the stock rose about 4.5% in Tokyo. » Więcej na n-tv.de

Japanese bathroom fixtures maker TOTO opened a new $224 million, three-floor manufacturing plant in Morrow, Georgia, boosting U.S. production by nearly 50% and starting production this fall. The facility, on more than 363,000 sq. ft., is expected to generate about $43 million for Clayton County’s economy and is described as the company’s most advanced U.S. factory to date. Taro Muroi, CEO of TOTO USA, said the expansion strengthens the company’s leadership in luxury bathroom innovation and manufacturing resilience. » Więcej na yahoo.com

Japanese sanitaryware maker Toto will invest $224.3 million to expand its plant in Morrow, Georgia, to increase toilet production capacity for North and South America by 50%. Construction will begin this fall; once completed, regional production capacity is expected to reach one million units per year. » Więcej na de.investing.com