November 10: Japan’s largest canmaking firm Toyo Seikan is planning to close one of its 16 domestic manufacturing plants next year to save costs and improve profitability.
The plant at Shizuoka was opened in 1937 and makes cans for seafood products. Toyo Seikan said the manufacturing equipment is old and inefficient because of the plant’s small size. Keeping the plant running would be too costly, it said, amid difficult business conditions, particularly because it was also necessary to make the building earthquake resistant.
